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New Delhi: The Supreme Court Friday upheld the resolution plan of JSW Steel Limited to acquire Bhushan Power and Steel Limited (BPSL), as it allowed a batch of review petitions that had questioned its earlier order to liquidate the company. A bench of Chief Justice of India B.R. Gavai and Justices S.C. Sharma and K. Vinod Chandran upheld the 17 February 2020 order of the National Company Law Appellate Tribunal (NCLAT) order, which approved JSW’s resolution plan through the Corporate Insolvency Resolution Process (CIRP) route.

JSW’s Rs 19,000 crore bid to take over BSPL was made under the Insolvency and Bankruptcy Code (IBC).

NEW DELHI: In a decision that could have a salutary bearing on the Insolvency and Bankruptcy Code (IBC), Supreme Court on Friday reversed its eyebrow-raising May 2 verdict, directing liquidation of bankrupt Bhushan Power and Steel Limited, to put back in place the National Company Law Appellate Tribunal’s Feb 2020 decision to allow Sajjan-Jindal-led JSW Steel revive the failed entity.A bench of Chief Justice B R Gavai and Justices Satish Chandra Sharma and K Vinod Chandran reversed the decision of a two-judge bench led by Justice Bela M Trivedi, since retired, accepting arguments of solicitor general Tushar Mehta, who appeared for the Committee of Creditors, and senior advocate Neeraj Kishan Kaul for JSW, which invested Rs 20,000…

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DENVER | Quinn Cochran-Zipp went to the emergency room three times with severe abdominal pain before doctors figured out she had early-stage cancer in the germ cells of her right ovary. After emergency surgery four years ago, the Greeley, Colorado, lab technician is cancer-free.

The two hospitals that treated Cochran-Zipp at the time determined that she qualified for 100% financial assistance, since her income as a college student was extremely low. Not having to worry about the roughly $100,000 in bills she racked up for her care was an enormous relief, she said.

Then she started receiving unexpected bills from doctors who worked at the hospitals but, because they weren’t on staff there, didn’t have to…

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The math is brutal. At an average interest rate of 22%, all it takes is a revolving credit card balance of a few thousand dollars to find yourself in serious trouble, especially as the interest charges compound over time. Yet this scenario describes what millions of Americans are facing right now, as the collective credit card debt is now sitting at $1.21 trillion…

American households are drowning in debt like never before. Total credit card balances have soared past $1.21 trillion nationally, while the average household carries over $6,000 in revolving debt. With credit card interest rates hovering near record highs and elevated inflation still pinching budgets, millions of people have found themselves trapped in a cycle of minimum payments that barely…

In a significant turnaround, Visa Steel Limited has successfully exited the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Cuttack Bench, permitted the withdrawal of the insolvency application against the company. The order, dated September 26, 2025, closes a prolonged legal battle that had cast uncertainty over the steelmaker’s future.

The insolvency proceedings were initiated following a petition by the State Bank of India (SBI) in December 2017 under Section 7 of the Insolvency and Bankruptcy Code (IBC). SBI claimed a default of over ₹982 crore, dating back to July 2012. After extensive litigation, the NCLT admitted the case into CIRP on November 28, 2022, appointing an…

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