‘Where are the members?’ NCLT on Bhushan Steel resolution review
The Supreme Court’s unprecedented move to scrap JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power & Steel Ltd (BPSL) and order its liquidation has shifted the burden back onto the already-understaffed National Company Law Tribunal (NCLT), which must now hear the case again. Understaffing at the National Company Law Tribunal (NCLT) emerged as a key…




