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SC reserves verdict on Bhushan insolvency
Mint Hyderabad
|August 12, 2025
The rehearing of Bhushan Power and Steel (BPSL) insolvency case has concluded on Monday, with the Supreme Court's (SC) special bench reserving its verdict on challenges to JSW Steel Ltd's ₹19,700 crore resolution plan.
The SC bench, comprising Chief Justice B.R. Gavai, Justice K. Vinod Chandran, and Justice Satish Chandra Sharma, heard the matter afresh after recalling the SC's 2 May order that quashed JSW Steel's plan for alleged violations of Insolvency and Bankruptcy Code (IBC). That decision sent shockwaves through the IBC framework, ordering banks to return ₹19,350 crore paid by JSW Steel and
This story is from the August 12, 2025 edition of Mint Hyderabad.
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