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Big blow: SC rejects JSW Steel's Bhushan Power and Steel resolution plan

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In a big setback, the Supreme Court on Friday rejected JSW Steel's resolution plan for Bhushan Power and Steel Ltd.

The top court said that the resolution Plan of JSW was illegal and should not have been accepted by CoC and directed the liquidation of Bhushan Power and Steel.

(with ET Bureau's Indu Bhan inputs)

(more to come)

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