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.…
Sunsundegui has ceased operations: company’s insolvency leads to liquidation and +300 job losses Sustainable Bus Read the original article here
The Supreme Court on Monday paused liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), granting temporary relief to JSW Steel, which plans to challenge the apex court’s recent order rejecting its ₹19,300 crore resolution plan for the company. A bench of Justices B.V. Nagarathna and Satish Chandra Sharma directed that a status quo be…
NEW DELHI: Supreme Court on Monday stayed the liquidation process for Bhushan Power & Steel (BPSL) before NCLT and ordered to maintain status quo after JSW Steel, whose resolution plan was rejected by SC, told the court that it was filing a review petition against the order.As JSW’s limitation period for filing a review against…
The court also clarified that this order in this appeal has been made by way of an interim arrangement pending consideration and disposal of the review petition to be filed by the appellant. Ashish Tripathi Last Updated : 26 May 2025, 09:50 IST Follow Us : Comments Read the original article here
Jobs lost as luxury Highland retreat Ardrhu House enters liquidation Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. … Read the original article here
India’s Supreme Court has temporarily halted the liquidation process of Bhushan Power and Steel (BPSL), offering a potential reprieve to JSW Steel just weeks after its $2.3 billion acquisition deal was scrapped. The decision comes in response to a request by JSW Steel and a group of BPSL’s creditors, who informed the court of their…
Harish Raghavji Patel Vs. Ajit Gyanchand Jain: NCLAT Rules IRP Can Reclaim Posession of Corporate Debtor Assets under Section 18(1)(f) of IBC LinkedIn Read the original article here
The Supreme Court on Monday directed parties to maintain status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL), following a plea by JSW Steel to keep the liquidation proceedings in “abeyance.” JSW argued that initiating liquidation would be “fatal” to the company and adversely affect other stakeholders, including lenders and workers. A…