New Delhi, Sept 26 (UNI) In a significant turnaround, the Supreme Court today overturned its own earlier judgment dated May 2, 2025, and upheld JSW Steel’s Rs 19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL), one of the RBI’s infamous “Dirty Dozen” referred for insolvency.

A bench comprising Chief Justice of India B. R. Gavai, Justice Satish Chandra Sharma and Justice K. Vinod Chandran delivered the verdict while deciding a batch of appeals arising from the approval of JSW’s plan by the Committee of Creditors (CoC) during the Corporate Insolvency Resolution Process (CIRP).

The order came on review petitions filed by JSW Steel, the CoC, and the erstwhile Resolution Professional challenging the court’s earlier liquidation order.

The bench held that the May 2 ruling rej

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