The National Company Law Tribunal (NCLT) on Tuesday deferred liquidation proceedings for Bhushan Power and Steel Ltd (BPSL) till August, following a 26 May Supreme Court order directing status quo in the matter. “In the wake of the Supreme Court order, hearing stands deferred till 1 August,” the NCLT-Delhi said. The Supreme Court on Monday…
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The shares of steel manufacturer JSW Steel led by Sajjan Jindal gained as much as 2. 68 per cent to Rs 979.75 after the Supreme Court ordered to maintain the status quo on the Bhushan Power and Steel Ltd. This marked the biggest intraday gain since May 12 this year. The counter has risen 14.5…
JSW-Bhushan Steel saga: The infamous “dirty dozen” and the future of IBC Bar and Bench Read the original article here
New Delhi: The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), giving interim relief to JSW Steel. The verdict came on a plea filed by JSW Steel seeking a stay on the liquidation process initiated by BPSL’s former promoter, Sanjay Singhal. JSW Steel has…
Supreme Court stays liquidation of Bhushan Power & Steel MSN Read the original article here
3 directors of apparel firm in liquidation fined RM50,000 by Bursa MSN Read the original article here
The Supreme Court on Monday stopped liquidation proceedings of Bhushan Power and Steel Ltd , weeks after it scrapped JSW Steel’s deal to acquire the company. ₹19,700 crore acquisition of BPSL, calling it illegal and in breach of the Insolvency and Bankruptcy Code (IBC). (Representational image)” title=”On May 2, the Supreme Court had rejected JSW…
The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel (BPSL) at the National Company Law Tribunal (NCLT), offering a temporary reprieve to JSW Steel. The apex court’s directive means the NCLT is expected to defer its hearing on the liquidation until a review petition by JSW…
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. A bench of Justices B V Nagarathna and Satish Chandra Sharma said liquidation of the BPSL might jeopardise the review petition, which was to be filed by JSW Steel Limited.…