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Uploaded 22 hours ago

Duration: 0h 5m 46s

SC recalls verdict ordering liquidation of Bhushan Power and Steel

Name: SC recalls verdict ordering liquidation of Bhushan Power and Steel
Uploaded: Thu, 31 Jul 2025 17:01:44 +0530
Channel: Rediff Video Desk

In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".

Uploaded by: Rediff Video Desk on Thu, 31 Jul 2025 17:01:44 +0530

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