Supreme Court Reserves Verdict in JSW-Bhushan Power Review Petitions After Three Hearings

The Supreme Court has concluded hearings and reserved its judgment on review petitions challenging its earlier decision in the JSW-Bhushan Power insolvency dispute.

A bench led by Chief Justice BR Gavai and Justices Satish Chandra Sharma and Vinod Chandran reserved the judgment.

The case involves financial creditors’ claims and issues around the approved resolution plan for Bhushan Power & Steel.

Key points included the Committee of Creditors’ role after plan approval, EBITDA allocation, and alleged breaches of working capital obligations. 

[Kalyani Transco v Bhushan Power & Steel Limited]