New Delhi: The Supreme Court, on Friday, dismissed appeals challenging JSW Steel’s Rs 19,700 crore resolution plan for Bhushan Power and Steel Limited (BPSL).

This was in context to the Court’s judgement of May 2, 2025, in which the bench of Justice Bela M Trivedi and Justice Satish Chandra Sharma had struck down JSW Steel’s plan and ordered BPSL’s liquidation under Article 142 of the Constitution. ADVERTISEMENT

The bench had then held that the Committee of Creditors (CoC) had erred in approving the plan.

JSW Steel, chosen as the successful resolution applicant in 2019, offered over Rs 19,000 crore to creditors. The plan was approved by the National Company Law Tribunal (NCLT) in September 2019 and upheld by the National Company Law Appellate Tribunal (NCLAT). The Enforcement Directora

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