Supreme Court of India recalls verdict on Bhushan Steel liquidation, orders fresh hearing due to legal discrepancies.
The Supreme Court of India on Thursday (July 31, 2025) recalled its May 2 verdict which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
The Supreme Court had set aside a resolution plan submitted by JSW Steel Limited for BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).
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