New Delhi, May 21 -- With the Supreme Court scrapping JSW Steel's resolution plan for Bhushan Power & Steel Ltd (BPSL), the Enforcement Directorate may find itself back in a position to reattach the stressed company's assets worth over Rs.4,000 crore.

Bhushan Steel lenders are also likely exploring ways to bring these attached assets, previously protected under the Insolvency and Bankruptcy Code (IBC) provisions, into liquidation proceedings.

"Now, with the resolution plan set aside, even those ED attachments may be revived. A broader question also arises: can properties attached under a different statute be brought under liquidation proceedings at all?" solicitor general Tushar Mehta had said during a 13 May hearing before the National...