Supreme Court Allows Open Court Hearing Of Review Petitions Against Rejection Of JSW's Resolution Plan For Bhushan Power & Steel

The Supreme Court has allowed an "open court hearing of review petitions against the rejection of JSW's resolution plan for Bhushan Power & Steel." This is a rare occurrence, as review petitions are typically heard in chambers. Granting an open court hearing signifies the immense public importance and complex legal questions involved in this high-profile insolvency case. The decision provides greater transparency and allows for a more comprehensive re-examination of the grounds for rejecting JSW's bid, given the significant implications for creditors and the corporate debtor.