Kalyani Transco v. Bhushan Steel and Power Ltd

Supreme Court of India2025 EduLaw (SC) 524

Bench: Bela M Trivedi; Satish Chandra Sharma

The Supreme Court rejected the Resolution Plan submitted by JSW Steel for Bhushan Steel and Power Ltd, holding it illegal and contrary to the provisions of the Insolvency and Bankruptcy Code, and ordered liquidation.