The Supreme Court on Monday ordered status quo on proceedings pending before the National Company Law Tribunal (NCLT) for the liquidation of Bhushan Power and Steel Ltd (BPSL). A bench of Justices B V Nagarathna and Satish Chandra Sharma issued the direction after noting that the limitation period is not yet over for JSW Steel…
A bench of Justices B V Nagarathna and Satish Chandra Sharma said liquidation of the BPSL might jeopardise the review petition, which was to be filed by JSW Steel Limited Published Date – 26 May 2025, 04:40 PM New Delhi: The Supreme Court on Monday ordered status quo on the liquidation… Read…
Jerasia Capital Bhd had engaged in the manufacturing, wholesale, and retail of fashion apparels, accessories, and personal protective equipment in Malaysia and the US. PETALING JAYA: Three directors of an apparel company currently in liquidation have been fined a total of RM50,000 by Bursa Malaysia Securities Bhd for failing to make an immediate announcement on…
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The Head of Public Service, Felix Koskei, has issued a resounding warning to university administrators while revealing investigations have discovered 23 public universities in the country are technically insolvent. In an op-ed published in a local daily, Koskei stated that the ongoing forensic audit was paramount to trace the mismanagement of resources in these institutions,…
New Delhi: The Supreme Court on Monday said it would be in the interest of justice if the status quo is maintained in connection with the liquidation proceedings against Bhushan Steel and Power Ltd (BPSL) before the National Company Law Tribunal. The matter came up before a bench comprising justices BV Nagarathna and Satish Chandra…
The Supreme Court on Monday ordered status quo on the liquidation proceedings of Bhushan Steel and Power Ltd (BPSL) before the National Company Law Tribunal. Solicitor General Tushar Mehta, appointed for the Committee of Creditors, suggested that the matter be deferred till June 10.(ANI) A bench of Justices B V Nagarathna and Satish Chandra Sharma…
The Supreme Court of India ordered a status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), pending the verification of the review petition to be filed by JSW Steel. The court asked JSW Steel to file the petition within the prescribed limitation period. A Supreme Court bench, comprising Justice B.V. Nagarathna and…