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…
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The Supreme Court on Friday overturned its May 2 order directing liquidation of Bhushan Power and Steel Ltd (BPSL) and instead upheld JSW Steel Ltd’s Rs 19,700-crore resolution plan for the debt-ridden company. With this verdict, SC rejected challenges raised by BPSL’s former promoters and certain creditors.The apex court observed that delays in implementation were…
The Supreme Court on Friday upheld JSW Steel Ltd.’s resolution plan for Bhushan Power & Steel Ltd. A bench comprising Chief Justice of India BR Gavai, Justices SC Sharma and K Vinod Chandran junked a previous order by a two-judge bench reversing JSW’s acquisition of the bankrupt firm for Rs 19,700 crore. The apex court…
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Govt to junk “arbitrary” mechanism under IBC to assess claim values; New set of rules for resolution professionals on the anvil MSN Read the original article here
Martine McCutcheon has had a tough year, with the former EastEnders star currently going through a divorce from her husband Jack McManus and also being declared bankrupt for a second time Zoe Delany Assistant Showbiz Editor, Katy Hallam and Zoe Delaney 18:28, 25 Sep 2025 Martine McCutcheon isn’t particularly pleased to witness summer’s departure. This…
Mayer & Cie files for insolvency under self-administration Knitting Trade Journal Read the original article here