In a landmark ruling, the Supreme Court of India has reinstated JSW Steel’s ₹19,700 crore acquisition of Bhushan Power & Steel Ltd. (BPSL), overturning its earlier verdict that had annulled the deal. The apex court emphasized that resolution plans approved under the Insolvency and Bankruptcy Code (IBC) must not be reopened once finalized, reinforcing the primacy of the Committee of Creditors’ commercial wisdom.