Bhushan Power and Steel: SC allows listing of review petitions in open court on July 31

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The Supreme Court will review its May 2 judgment regarding Bhushan Power and Steel (BPSL) liquidation, hearing petitions from JSW Steel and lenders on July 31. JSW and lenders argue that JSW's Rs 19,350-crore resolution plan, implemented in 2021, revitalized BPSL, increasing its operational capacity and sales, and contributing significantly to the exchequer.