In this episode of VListen, we unpack one of India’s most intricate corporate insolvency battles — the saga of Bhushan Power and Steel Limited (BPSL) and JSW Steel.

Join host Prakul Thadi as we explore how the Supreme Court of India delivered three landmark judgments in this case:

• Rejecting the Resolution Plan initially due to implementation delays,

• Recalling its own order in a rare judicial course correction, and

• Delivering a decisive verdict upholding the Resolution Plan, reaffirming the primacy of the Committee of Creditors’ commercial wisdom and the core purpose of the Insolvency and Bankruptcy Code (IBC).

We break down the legal rationale, highlight critical judicial principles, and explain why this saga is a landmark in corporate insolvency jurisprudence.

🎧 Listen to this episode for:

• Detailed timelines and case facts

• Judicial reasoning behind the Supreme Court’s decisions

• Lessons for insolvency professionals, lawyers, and corporate stakeholders

VListen — your companion for deep insights into insolvency, corporate law, and landmark judgments.