Bankers in a bind as SC junks JSW resolution for Bhushan
- Posted on May 2, 2025
- By Financial Express
- 3 Views
Bankers in a bind as SC junks JSW resolution for Bhushan
SC strikes down JSW Steel’s resolution plan for Bhushan Power, triggering concerns among banks over Rs 16,900 crore in recovered dues. Public sector lenders like SBI, PNB may face fresh provisioning as liquidation offers lower recovery than IBC resolution.
