NEW DELHI: In a dramatic yet decisive reversal, Supreme Court Thursday annulled its May 2 judgment ordering liquidation of Bhushan Power and Steel Ltd, which had been revived in 2021 by the Sajjan Jindal-led JSW through a Rs 20,000 crore plan concurrently upheld by NCLT and NCLAT under Insolvency and Bankruptcy Code process.Unabashedly admitting that its earlier decision militated against the settled law on inviolability of the decision of Committee of Creditors, a bench of CJI B R Gavai and Justice Satish Chandra Sharma recalled the verdict and posted the matter for fresh hearing next Thursday.The bench also frowned upon the use of Article 142 by the earlier bench led by Justice Bela M Trivedi, who has since retired, to order…