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The Supreme Court on September 26 overturned its own judgment and cleared JSW Steel's Rs 19,700-crore resolution plan for Bhushan Power & Steel (BPSL) and rejected the objections raised by the ex-promoters and certain creditors of BPSL.

A bench led by CJI BR Gavai had re-heard the appeal after recalling the May judgment, which had rejected the resolution plan.

The apex court junked Bhushan Power lenders' plea seeking share in company's EBITDA.

At 11 am on September 26, JSW Steel shares were trading 0.4% higher at Rs 1,154 apiece.

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