Liquidation of Bhushan Steel: SC orders status quo on proceedings pending before NCLT – Times of India
Liquidation of Bhushan Steel: SC orders status quo on proceedings pending before NCLT Times of India Read the original article here
JSW Steel gets relief from SC as top court orders status quo on liquidation of Bhushan Power & Steel
JSW approached the Supreme Court after BPSL’s former promoter, Sanjay Singhal, requested the NCLT to initiate liquidation proceedings and appoint a liquidator. Bhushan Power and Steel, one of the 12 major non-performing assets (NPAs) flagged by the Reserve Bank of India, was referred for resolution under the IBC in 2017. JSW Steel reported a consolidated…
SC orders status quo on Bhushan Power liquidation pending JSW review petition – MSN
SC orders status quo on Bhushan Power liquidation pending JSW review petition MSN Read the original article here
SC orders status quo on liquidation proceedings of Bhushan Power
Supreme Court of India | Photo Credit: PTI The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel, weeks after it rejected JSW Steel‘s resolution plan to acquire the firm. This is a developing story. Please check back later for more information. Published on May 26, 2025…
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…
Bhushan Power and Steel liquidation: Breather for JSW Steel as SC orders status quo NCLT proceeding – Companies
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…
BSPL Liquidation: Supreme Court orders status quo pending JSW review petition
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…
BSPL Liquidation: Supreme Court orders status quo pending JSW review petition
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…
SC Orders Status Quo On Bhushan Power Liquidation As JSW Steel Moves To Stall Proceedings
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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