SC halts NCLT proceedings to liquidate Bhushan Power pending JSW review petition
The Supreme Court on May 26 passed an order directing status quo in the liquidation proceedings of Bhushan Power & Steel Ltd (BPSL) currently pending before the National Company Law Tribunal (NCLT). The direction was issued by a bench of Justice BV Nagarathna and Justice Satish Chandra Sharma after hearing a petition filed by JSW Steel, whose…