JSW Steel SC Plea: After having noted JSW Steel’s resolution plan pertaining Bhushan Power and Steel Ltd (BPSL) to be in “flagrant violation” of the Insolvency and Bankruptcy Code (IBC), the Supreme Court will hear a plea filed by the steel major seeking a review of the apex court’s judgement dated May 2, 2025.
The review petition names former BPSL promoter Sanjay Singhal, whose earlier plea led to the Supreme Court’s ruling invalidating the resolution plan.
The matter is listed for 26 May before a bench consisting Justices B.V. Nagarathna and Satish Chandra Sharma. Justice Nagarathna replaces Justice Bela M. Trivedi, who was part of the original bench with Justice Sharma but has since retired.
Reportedly, the steel manufacturing…
