New Delhi: The Supreme Court on Thursday commenced hearing afresh a batch of pleas related to its May 2 judgment ordering liquidation of BPSL while setting aside JSW Steel’s resolution plan.
A special bench comprising Chief Justice BR Gavai and Justice Satish Chandra Sharma on July 31 recalled the verdict and decided to hear afresh the pleas in the matter. A bench headed by former top court judge Bela M Trivedi on May 2 ordered liquidation of Bhushan Power & Steel Limited while setting aside a resolution plan of JSW Steel Limited for the ailing firm.
Solicitor General Tushar Mehta, appearing for the committee of creditors, said the former promoters of the BPSL had no locus standi in the case as they were the ones who brought the company…