Archive · 7 Aug 2025
Lenders Seek Funds in Bhushan Power Insolvency Case
The Supreme Court is revisiting the case of Bhushan Power & Steel (BPSL) and JSW Steel.
Lenders want JSW Steel to pay them interest and earnings it made during the insolvency period.
The court had previously rejected a plan, but then reversed its decision.
Former owners of BPSL argue for a new process if the JSW plan fails.
Dissenting creditors also have concerns.
The case is important as it deals with money and how to handle companies that can't pay their debts.
Lenders seek interest and Ebitda from JSW Steel during Bhushan Power's insolvency.
The Supreme Court is rehearing challenges to JSW Steel's resolution plan.
Lenders, represented by the Solicitor General, argue for fairness regarding public funds.
Former promoters seek fresh corporate insolvency resolution if JSW plan is flawed.
The Supreme Court recalled its earlier ruling that had scrapped the resolution plan.
- Who
- Lenders, JSW Steel, former promoters, and the Supreme Court.
- What
- Lenders seeking interest and Ebitda in the Bhushan Power & Steel (BPSL) insolvency case.
- When
- Thursday.
- Where
- Supreme Court.
- Why
- To address financial claims and challenges to the resolution plan.
Lenders & Supporting Parties
Former Promoters
Financial compensation
Lenders & Supporting Parties
Lenders should be fairly compensated, and public money must be considered.
Former Promoters
Former promoters argue that the resolution plan is flawed and should be revisited if it cannot proceed.
- Case Involved
- Bhushan Power & Steel Ltd (BPSL) - JSW Steel
- Lender's Demand
- Interest and Ebitda earned during insolvency
- JSW Steel offer
- ₹19,700 crore (resolution plan)
- Promoter's Stance
- Fresh CIRP if plan is flawed
- Court's Action
- Recalled earlier ruling
