The Supreme Court will hear JSW Steel Ltd’s review petition on 29 July, challenging its 2 May judgment that quashed the company’s ₹19,350 crore acquisition of Bhushan Power & Steel Ltd (BPSL) and ordered the firm’s liquidation.
A special bench led by Chief Justice B.R. Gavai and Justice Satish Chandra Sharma will take up the matter.
Justice Sharma, along with Justice Bela M. Trivedi, was part of the two-judge bench that delivered the May verdict.
However, following Justice Trivedi’s retirement in June, a reconstituted bench will now hear the review plea.
The review will be heard in chambers. Review petitions are typically heard behind…
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The National Company Law Tribunal (NCLT) New Delhi bench of Shri Manni Sankariah Shanmuga Sundaram (Judicial Member) and Shri Atul Chaturvedi (Technical Member) has held that when a demand notice under section 8 of the IBC is returned unserved with the endorsement “the addressee has left without instructions” and the Operational Creditor fails to effect the delivery again by any other alternate modes, the petition under section 9 of the IBC cannot be entertained.
The present application has been filed under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The issue for consideration before the Tribunal was…
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Consumers grappling with debt often turn to so-called “debt relief” services, hoping for a way out. Unfortunately, some providers have been exposed for deceptive practices—and even fined by regulators. These stories serve as cautionary tales about aggressive promises, hidden fees, and misleading claims.
Examining eight services that faced enforcement actions reveals recurring patterns: upfront fees, false impersonation of government or banks, failure to deliver relief, and targeting vulnerable people.
1. ACRO Services
This company was sued by the FTC for running a deceptive credit card debt relief scheme under multiple names. Consumers were charged large upfront fees and told to stop paying their creditors but saw no real…
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Marcus Morris Sr. Arrested in Florida Over Alleged Las Vegas Casino Debt Casino.org
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Aussie mum sues Tabcorp after racking up almost $1m in debt The New Daily
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Maryland Student Loan Debt Relief Tax Credit Program Now Accepting Applications Eye On Annapolis
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‘You’re a warrior princess’: Dave Ramsey builds battle plan for Orlando single mom living in a shelter who’s behind on her son’s medical bills — and urges her to keep fighting moneywise.com
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World Bank Chief Says Zimbabwe Needs G-20 Help to Exit Debt Trap Bloomberg.com
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Even as the Punjab government asserts it is taking proactive steps to manage its debt obligations, economic experts have raised concern that the State is increasingly relying on additional loans, driven by “competitive political populism”, leading to a significant rise in debt liability.
Earlier this month, Punjab Finance Minister Harpal Singh Cheema stated that the government would borrow ₹8,500 crore in the second quarter of the current financial year to meet redemption obligations of over ₹3,500 crore for ‘legacy debt’ incurred during the previous Shiromani Akali Dal–Bharatiya Janata Party and Congress governments.
A recently published academic paper titled Walking with Punjab’s Economy, authored by economist Ranjit…
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RDG placed in voluntary administration Mining Weekly
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The National Assembly has passed the Eskom Debt Relief Amendment Bill, as part of ongoing interventions to rescue the power utility from years of operational challenges and financial crisis.
During a debate on the bill in the National Assembly, the Chairperson of the Standing Committee on Appropriations, Dr Mmusi Maimane, tabled the committee’s report on the bill, which aims to adjust the allocation that was done for the 2025/26 financial year from R40 billion to R80,2 billion and introduce an additional R10 billion in 2028/29.
He said the bill was more than just a financial instrument, but a commitment to recovery, structured oversight and irreversible reforms. “We want to continue to act as a…
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