lipped from: https://www.business-standard.com/companies/news/big-four-rejig-ibc-verticals-with-fewer-insolvency-cases-getting-filed-125051201426_1.html Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84
Category: IBC-SEBI
Ex-promoter of Bhushan Power moves NCLT to enforce SC’s liquidation order | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bhushan-power-s-ex-promoter-moves-nclt-to-enforce-sc-s-liquidation-ruling-125050900600_1.html Top court has rejected JSW Steel’s resolution plan to acquire Bhushan Power and Steel four years after takeover was completed In its order,
*****SEBI Chairman: Easing procedural rules from June board meeting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/easing-of-regulations-to-start-from-june-board-meeting-sebi-chairman/article69552398.ece “When it comes to regulating more, the pace will definitely slow down,” said SEBI Chairman Tuhin Kanta Pandey The Securities and Exchange Board
*****Optimal regulations is the way to go: SEBI chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/optimal-regulations-is-the-way-to-go-sebi-chief/article69553982.ece Streamlining regulations and stepping up surveillance is part of its ongoing agenda, said Tuhin Kanta Pandey, Chairman, SEBI Tuhin Kanta Pandey, Chairman, SEBI
*****Bhushan Steel ruling can help strengthen IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-ruling-can-help-strengthen-ibc/article69550247.ece It restores discipline to the insolvency process, sets clear limits on tribunal powers, protects the independence of enforcement agencies The Supreme Court ruling
Ex promoter of Bhushan Power moves NCLT to enfore SC’s liquidation order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ex-promoter-of-bhushan-power-moves-nclt-to-enfore-scs-liquidation-order/article69557213.ece Singhal’s plea comes even as the government, lenders, and JSW Steel prepare to file a review petition against the SC verdict Sanjay Singhal,
Bhushan Steel: Was liquidation the only solution? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-was-liquidation-the-only-solution/article69546180.ece The SC judgment has followed the letter of the law. But it has hit the interests of the company, creditors and employees The
Twisted steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/twisted-steel/article69545234.ece SC’s Bhushan Steel verdict raises difficult questions The verdict does not show the IBC in a good light | Photo Credit: Akhilesh In
*****NCLT, NCLAT can’t review PMLA decision: Supreme Court in BPSL case | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/sc-bpsl-case-nclt-nclat-have-no-power-over-pmla-authority-125050500690_1.html The Supreme Court has ruled that NCLT and NCLAT lack judicial review power over statutory decisions under the PMLA in the Bhushan Power
Govt weighing next move after SC’s JSW-BPSL order: DFS Secretary M Nagaraju | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/govt-reviews-sc-order-on-bhushan-steel-idbi-sale-to-conclude-2025-125050500787_1.html The DFS is assessing the Supreme Court’s Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank’s 61 per cent
JSW Steel set for a long-drawn battle as SC upholds ED attachment of Bhushan Power assets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/jsw-steel-set-for-a-long-drawn-battle-as-sc-upholds-ed-attachment-of-bhushan-power-assets/article69540941.ece Apex court ruled that the National Company Law Appellate Tribunal has no jurisdiction to adjudicate on the Prevention of Money Laundering Act and
Govt reviews SC judgment quashing JSW Steel’s ₹19,700 crore acquisition of Bhushan Power and Steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govt-reviews-sc-judgment-quashing-jsw-steels-19700-crore-acquisition-of-bhushan-power-and-steel/article69540444.ece “We are studying the judgment and the possible course of action. We will finalise our next step after discussing with our senior government
With JSW Steel-Bhushan deal scrapped banks may have to take a hit to their balance sheets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/with-jsw-steel-bhushan-deal-scrapped-banks-may-have-to-take-a-hit-to-their-balance-sheets/article69541856.ece Banks would rather seek RBI permission to dip into their reserves to pay the acquirer than allow their profit & loss (P&L) to
JSW Steel may seek legal recourse against SC’s rejection of Bhushan Power & Steel acquisition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jsw-steel-may-seek-legal-recourse-against-scs-rejection-of-bhushan-power-steel-acquisition/article69541593.ece Bhushan accounts for over 12 per cent of JSW Steel’s annual production of 34 million tonnes per annum (mtpa) Apex court held that
*****SC flags RP’s failures in Bhushan Power and Steel’s insolvency plan
Clipped from: https://www.business-standard.com/industry/news/sc-flags-rp-lapses-in-bhushan-power-insolvency-plan-125050501067_1.html Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel’s plan illegal and urging greater due diligence under IBC
***Resolution rejected: SC verdict on Bhushan Power & Steel raises questions
Clipped from: https://www.business-standard.com/opinion/editorial/resolution-rejected-sc-verdict-on-bhushan-power-steel-raises-questions-125050400686_1.html The order is a blow to lenders. As experts have told this newspaper, lenders will have to return the recovery received through the
BPSL liquidation: MCA, IBBI study SC order to assess IBC implications | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/bpsl-liquidation-mca-ibbi-study-sc-order-to-assess-ibc-implications-125050400827_1.html “We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes,” the government
***Another blow to IBC: JSW-BPSL verdict may deter future resolution
Clipped from: https://www.financialexpress.com/opinion/another-blow-to-ibc-jsw-bpsl-verdict-may-deter-future-resolution-applicants/3832469/?ref=hometop_hp The SC has rightly punished the guilty but has gone overboard by ordering liquidation. The court has highlighted how, while the e-voting process
SC’s JSW Steel decision a blow to insolvency process, say experts
Clipped from: https://www.business-standard.com/industry/news/sc-s-jsw-steel-decision-a-blow-to-insolvency-process-say-experts-125050201392_1.html The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision JSW Steel was declared the successful resolution applicant
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