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The Supreme Court on Friday rejected steel major JSW Steel Ltd’s Rs 19,350 crore bid to acquire Bhushan Power and Steel Ltd (BPSL) through the Corporate Insolvency Resolution Process (CIRP) route, and ordered the liquidation of the company. While ordering the liquidation, the biggest in the corporate history, a bench of Justice Bela Trivedi and…
SC scrapped Bhushan Power and Steel deal to protect IBC, not undermine it The Morning Context Read the original article here
Inspired by the Biblical year of Jubilee – where debts are periodically cancelled and the land rested – religious leaders launched the Jubilee 2025 Africa debt cancellation in February with the aim of demanding economic justice Religious News/Fredrick Nzwili Religious leaders from Africa have intensified their call for cancellation of the continent’s crippling private debt and…
As the Supreme Court rejected the resolution plan of JSW Steel for Bhushan Power and Steel Limited (BPSL) almost six years after its approval by NCLT, we take a relook at the corporate insolvency resolution process of the corporate debtor. Background Bhushan Power and Steel Limited (BPSL) was one of the 12 major accounts identified…
Date published: 2 May 2025 The High Court has made a disqualification order against the director of a company involved in other sports activities. The Order was made for five years against Mark Allen (39) of The Grange, Antrim, in respect of his conduct as director of Mark Allen (NI) Limited (“the Company”). The Company…
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A major contributor to the success of Nigeria’s debt relief attempts in the 1980s to early 2000s rested on the fact that the creditor base was less fragmented than it is today. Moreover, private and bilateral creditors were hardly in the mix. In 2004, 85.82 per cent of Nigeria’s sovereign debt was owed to the…
A Total Of 5,272 Youths Declared Bankrupt Since 2020 Bernama Read the original article here