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…
SC orders status quo on Bhushan Power liquidation pending JSW review petition MSN Read the original article here
Updated May 26, 2025 15:16 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…
Jobs axed at luxury Scots spa as company enters liquidation The Scottish Sun Read the original article here
NEW DELHI: The Supreme Court of India ordered 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…
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…
“Without expressing any opinion at this juncture, we find that the interest of justice will be served if the status quo is maintained in the proceedings pending before the NCLT. We clarify that this order of status quo will operate until the consideration of the review petition,” said Justice Nagarathna, according to the Mint. Read…