Bhushan Power creditors weigh legal options after SC scraps JSW Steel deal

Bhushan Power & Steel's creditors, including SBI and PNB, are evaluating legal options after the Supreme Court overturned JSW Steel's resolution plan and ordered liquidation. Lenders are considering a review petition and may re-engage legal advisors. The IBBI and DFS are also analyzing the ruling's broader implications for the IBC framework, given the practical challenges of unwinding the transaction.