Jerasia Capital Bhd had engaged in the manufacturing, wholesale, and retail of fashion apparels, accessories, and personal protective equipment in Malaysia and the US. PETALING JAYA: Three directors of an apparel company currently in liquidation have been fined a total of RM50,000 by Bursa Malaysia Securities Bhd for failing to make an immediate announcement on…
Khaitan & Co advises Resolution Professional of SES Energy in Corporate Insolvency Resolution Bar and Bench Read the original article here
New Delhi: The Supreme Court on Monday said it would be in the interest of justice if the status quo is maintained in connection with the liquidation proceedings against Bhushan Steel and Power Ltd (BPSL) before the National Company Law Tribunal. The matter came up before a bench comprising justices BV Nagarathna and Satish Chandra…
The Supreme Court on Monday ordered status quo on the liquidation proceedings of Bhushan Steel and Power Ltd (BPSL) before the National Company Law Tribunal. Solicitor General Tushar Mehta, appointed for the Committee of Creditors, suggested that the matter be deferred till June 10.(ANI) A bench of Justices B V Nagarathna and Satish Chandra Sharma…
The Supreme Court of India ordered a status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), pending the verification of the review petition to be filed by JSW Steel. The court asked JSW Steel to file the petition within the prescribed limitation period. A Supreme Court bench, comprising Justice B.V. Nagarathna and…
Liquidation of Bhushan Steel: SC orders status quo on proceedings pending before NCLT Times of India Read the original article here
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 Read the original article here
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…
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…