AZB & Partners was involved in the recent judgment dated July 31, 2025 passed by Supreme Court in a review petition setting aside its own judgment dated May 2, 2025, which rejected the resolution plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL) and directed the liquidation of BPSL. The Supreme Court held that the judgment does not consider the legal position as laid down by a catena of judgments and that there are errors apparent on the face of the record.
Our AZB litigation team comprised of our Senior Partner Rajendra Barot, Partner Vivek Shetty, Senior Associate Sherna Doongaji, Associates Akilesh Menezes, Isha Patil and Harsh Sethi. Our IBC team comprised of our Senior Partner Nilang T. Desai, Partners Suharsh Sinha, Avinash Subramanian and Saloni Thakkar, Senior Associate Rahul Thomas, and Associate Vishal Choudhury, with special thanks to our Co-Founder & Managing Partner Zia Mody and Co-Founder & Senior Partner Bahram Vakil for their support and inputs.