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
The Supreme Court’s recent judgment in the matter of Kalyani Transco v. Bhushan Power & Steel Ltd has generated substantial interest and curiosity among stakeholders, prompting speculation regarding the future of the Insolvency and Bankruptcy Code, 2016 (IBC/Code). Although the Code is still in the process of evolution, its functioning occasionally exhibits both excitement and disappointment, while…
JSW Steel’s legal battle over the Bhushan Power and Steel (BPSL) resolution continues, as the Supreme Court is set to hear the company’s review petition today. The petition challenges the apex court’s May 2 verdict, which dismissed JSW Steel’s Rs 19,300 crore resolution plan for the acquisition of BPSL, reported Moneycontrol. The case stems from…
NCLAT: Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC Taxscan Read the original article here
Firm Appointee/Solicitor Role Company Name Published Date RSM Jerome Mohen administrator Supersett Constructions Pty Ltd (Administrators Appointed) 26/05/2025 Hall Chadwick Aaron Dominish liquidator Mobile Pipe Solutions Ltd (In Liquidation) 23/05/2025 Hamilton Murphy Advisory Stephen Dixon liquidator Split Horizon Pty Ltd 22/05/2025 WA Insolvency Solutions Jimmy Trpcevski liquidator Loop2 Digital Pty Ltd 22/05/2025 Worrells Mervyn Jonathan…
The 113 carat gem-quality white diamond found at Lulo. Image: Lucapa Diamond Company KordaMentha has been appointed as voluntary administrators to Lucapa Diamond Company, owner of the Merlin diamond mine in the Northern Territory. Lucapa first acquired Merlin in 2021 for $8.5 million, marking the project as the second Australian prospect to join the company’s…
Reliance General Insurance net profit rises 12.5% to Rs 315 crore in FY25; eyes growth under new promoter IIHL MSN Read the original article here
JSW Steel SC Plea: After having noted JSW Steel’s resolution plan pertaining Bhushan Power and Steel Ltd (BPSL) to be in “flagrant violation” of the Insolvency and Bankruptcy Code (IBC), the Supreme Court will hear a plea filed by the steel major seeking a review of the apex court’s judgement dated May 2, 2025. The…
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