The Supreme Court on July 31 recalled its May 2 judgment that had rejected JSW Steel’s resolution plan for Bhushan Power and Steel Ltd (BPSL) and directed the company’s liquidation.
A Bench led by Chief Justice B.R. Gavai and Justice Satish Chandra Sharma noted that the earlier ruling may be inconsistent with established precedents and requires reconsideration.
The Court will now hear the appeal challenging the resolution plan afresh, with all arguments kept open for the next hearing scheduled on 7.08.2025
Source: News