JSW’s ₹19,700 Cr Deal Cancelled by SC | What Went Wrong with BPSL Resolution?

What happens when a ₹19,700 crore resolution plan, already completed and celebrated, gets declared illegal by the Supreme Court of India? 

In our latest video, we decode the dramatic turn of events surrounding the Bhushan Power & Steel Limited (BPSL) case — a landmark moment in India’s insolvency history under the Insolvency and Bankruptcy Code (IBC). 

Despite JSW Steel emerging as a successful bidder and completing the acquisition, the Supreme Court nullified the entire resolution plan in May 2025 due to: 

– Improper funding structure 

– Significant delays in plan implementation 

– Non-compliance by the Insolvency Administrator and Committee of Creditors (CoC) 

This judgment has sent shockwaves across the legal and corporate landscape, raising critical questions on process compliance, stakeholder responsibility, and the future of large-scale resolutions in India. 

In the video, we explore: 

– What exactly went wrong in the BPSL resolution 

– Key legal principles behind the Court’s decision 

– What this case means for future insolvency resolutions 

– Why strict adherence to IBC protocols is not optional — but essential 

Are we ready not just for legal fall but a more important economic fall? Let’s learn from the past to avoid repeating the same mistakes in the future.