EPISODE · Oct 24, 2025 · 4 MIN
Undoing an error: The Bhushan Steel judgement
from SCO Explains · host Supreme Court Observer
The Court's decision to restore the Bhushan Steel takeover makes clear that the Insolvency and Bankruptcy Code is a framework for revival, not destruction. We look at how the Review Bench acknowledged delays caused by external factors (like the ED and former promoters) and reaffirmed two core principles: the supremacy of the Committee of Creditors’ commercial wisdom and the narrowed locus of former promoters to stall the process
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Undoing an error: The Bhushan Steel judgement
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