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…
Updated May 26, 2025 13:57 IST Bhushan Power & Steel liquidation: Breather for JSW Steel as SC orders status quo NCLT proceeding (Pic: ET NOW) The Supreme Court on Monday (May 26) ordered status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL). The apex court’s ruling came on a plea by JSW…
The Supreme Court on Monday ordered status quo on the liquidation proceedings against Bhushan Steel and Power Ltd (BSPL). The top court was hearing a petition filed by BSPL parent JSW Steel, which sought a stay on the liquidation proceedings against the company it acquired in 2021 through insolvency proceedings. Justices BV Nagarathna and Satish Chandra…
The Supreme Court on Monday ordered status quo on the liquidation proceedings against Bhushan Steel and Power Ltd (BSPL). The top court was hearing a petition filed by BSPL parent JSW Steel, which sought a stay on the liquidation proceedings against the company it acquired in 2021 through insolvency proceedings. Justices BV Nagarathna and Satish Chandra…
Last Updated:May 26, 2025, 13:58 IST JSW Steel argued that initiating liquidation would be “fatal” to the company and would adversely impact various stakeholders SC orders status quo on liquidation of Bhushan Power The Supreme Court on Monday ordered parties to maintain status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL), following…
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In a key development in the Bhushan Power and Steel Ltd (BPSL) case, the Supreme Court on Monday ordered a status quo on liquidation proceedings before the National Company Law Tribunal (NCLT), granting temporary relief to JSW Steel, which is seeking to file a review petition. The top court was hearing a plea filed by…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826 than the same month in the…
In a big relief for JSW Steel, the Supreme Court on Monday directed for status quo on NCLT proceedings on liquidation of Bhushan Power and Steel Ltd (BPSL), stated a report by CNBC TV18. The move followed the SC’s 2 May verdict, which quashed the company’s Rs 19,300 crore resolution plan for BPSL and directed…
Lucapa Diamond Company Enters Voluntary Administration, Defers Financial Obligations TipRanks Read the original article here