Published on : 26 Sep 2025, 10:09 am 4 min read

The Supreme Court, while upholding JSW's resolution plan for Bhushan Power , clarified that a Committee of Creditors (CoC) does not become functus officio after the resolution plan approval, but continues to oversee implementation until plans are fully executed or appeals finally decided. [Kalyani Transco v. Bhushan Power and Steel Limited]

A Bench of Chief Justice of India (CJI) BR Gavai and Justices Satish Chandra Sharma and Vinod Chandran held,

" It may not be out of place to mention that the CoC has a vital interest in the Resolution Plan and that such an interest would continue till the Resolution Plan is actually implemented. It is only after the implementation of the Resolution Plan that payment can be made to t

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