The Supreme Court on Friday upheld steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire Bhushan Power and Steel Ltd (BPSL) through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice of India B R Gavai and Justices S C Sharma and K Vinod Chandran upheld the February 17, 2020,…
United Insurance Company Limited is finally set to go into liquidation following the appointment of the official liquidator of the company’s property. In an insolvency notice issued by Kamal Anantroy Bhatt through Anant Bhatt LLP on September 25, 2025, the liquidator officially announced the convening of a creditors’ meeting as part of the legal process…
The Three Pillars of Gen Z Banking: How to Help Young Adults Save While Paying Down Debt The Financial Brand Read the original article here
The Supreme Court of India today reversed its recent decision quashing JSW Steel’s resolution plan for Bhushan Steel and Power Limited (BSPL). Last month, the court had reserved its verdict on the review petitions after days of sharp exchanges between Senior lawyers over the fate of nearly Rs. 6,000 crore in earnings before interest, taxes,…
BPSL was one of the “dirty dozen” large corporate defaulters identified by the Reserve Bank of India (RBI) in 2017. Its CIRP commenced on July 26, 2017. Key issues addressed The Court addressed and ruled on several contentious issues raised primarily by the erstwhile promoters and a few Operational Creditors (OCs): EBITDA distribution confirmed to…
Gen Z and millennials are now leading the surge in US gambling. In the second quarter of 2025, Gen Z accounted for 34 percent while millennials contributed to 42 percent of betting activity in the quarter, according to TransUnion’s US Betting Report. These younger demographics are engaging most actively in online sports betting, online casinos,…
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Carlsquare has acted as exclusive debt advisor to Levine Leichtman Capital Partners (“LLCP”), a global middle-market private equity firm, on the acquisition financing of ENTRO Service GmbH (“ENTRO”), a leading group of tech-nical service providers specializing in the maintenance, servicing, and repair of access control, security, and fire safe-ty systems.The new partnership between LLCP and…
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In a win for JSW Steel Ltd, the Supreme Court has approved the company’s ₹19,700 crore plan to take over bankrupt Bhushan Power and Steel Ltd, marking the end of one of India’s longest-running insolvency battles. The court rejected a challenge from dissenting creditors, saying the decisions of the committee of creditors (CoC) must be…