The center is so far to “make its decision” to submit a seam review in the SC arrangement in BPSL

The center has not yet fought a petition for a review with the Supreme Court based on its order to cancel the JSW stending plan and liquidate Bhushan Steel & Power Ltd.

A government source said, “The IBC Supreme Court has interrogated itself:” The Supreme Court has not touched any development on the durability of the insolvency and bankruptcy law. I interrogated and commented on IBC implementation procedures in this particular case. “

“The court’s decision has highlighted that in this particular case, in various stages, the way IBC was implemented does not provoke confidence and there were some gray areas,” the person pointed out, adding that these steps were identified and mentioned.

They said: “The government did not abandon a petition for review.”

BPCL creditors are also studying whether they will submit a review petition on the Supreme Court ruling on May 2, which rejected the 19700 Rural Cruiste Plan of JSW Steel. A review can be presented within 30 days of the Supreme Court ruling.

However, experts have sparked concern about the Supreme Court ruling at the time, noting that it raised concerns about the IBC event, the way the insolvency procedures are carried out, and the delay of time schedules. There were also questions about whether such a ruling could affect other procedures that were implemented.

The Ministry of Financial Services discusses the request. “I have already reviewed the matter with all lenders. We took a position, we studied the ruling, and we got the view of our preachers on the ruling. Now we are taking a view of GTHE Overnment on how to approach the ruling. We will soon end,” said M. Nagaraju, Secretary of the Ministry of Financial Services, earlier.