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Bhushan Power CoC Opposes Former Promoters' Plea in Liquidation Case
Financial Express Chennai
|August 09, 2025
Legal Battle
The Committee of creditors (CoC) of ailing Bhushan Power & Steel (BPSL) on Friday opposed the plea by former promoters in the Supreme Court by questioning its maintainability.
Solicitor General Tushar Mehta, representing the CoC, made submissions before a bench comprising Chief Justice B.R. Gavai and Justices Satish Chandra Sharma and K Vinod Chandran.
The bench is hearing afresh on a batch of pleas related to its May 2 judgment ordering liquidation of BPSL while setting aside JSW Steel's resolution plan.
The CJI-led bench on July 31 recalled the verdict and decided to hear afresh the pleas in the matter.
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