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
Category: IBC-SEBI
*****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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