Sukrit Kapoor on Supreme Court’s Nod to JSW Steel Resolution Plan for BPSL: Boost for Investor Confidence and India’s Insolvency Regime

In this article published by Business Today, Sukrit Kapoor welcomed the Supreme Court’s decision upholding JSW Steel’s resolution plan for Bhushan Power & Steel Ltd. (BPSL).

Commenting on the judgment, Sukrit said: “It is a welcome move as it reinstates investor confidence in the Indian stressed assets market and also the judiciary. Once the amendments that are pending before Parliament are introduced to the IBC, India will be put on the track to compete with other preferred jurisdictions for insolvencies.”

The Supreme Court’s ruling provides much-needed clarity for resolution applicants and creditors, while reinforcing the effectiveness of the Insolvency and Bankruptcy Code (IBC). As Sukrit highlights, pending legislative refinements will further strengthen India’s position as a competitive jurisdiction for insolvency and restructuring.

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