New Delhi: The Supreme Court on Friday upheld the resolution plan by JSW Steel for M/s Bhushan Power and Steel Limited, rejecting the plea by the ex promoters and creditors of the firm in red.

A bench of Chief Justice of India B R Gavai and Justices Satish Chandra Sharma and K Vinod Chandran noted the investment of nearly Rs 20,000 Crores made by JSW Steel in the company.

\"We do not find any merit in the appeals. The appeals are therefore dismissed,\" the bench said, upholding the judgment of February 17, 2020 passed by the NCLAT.

The apex court had on August 11 reserved in the matter.

In its 136-page judgment, the bench said, \"The SRA (Successful Resolution Applicant) – JSW invested huge amounts in modernization and expansion of the entity (Corporate Debtor). Not only that but thous

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