Supreme Court temporarily halts Bhushan Power’s liquidation
This halts liquidation proceedings at the NCLT until at least 2 June, which is JSW Steel’s deadline to file a review petition on the apex court’s 2 May verdict.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Airtel’s performance lets it swat away AGR setback
The apex court’s quashing of its over $4 bn relief request did little to dim the telco’s stellar all-round show in FY25 or the market’s love for the stock.
SC order reversing Delhi HC’s Wikipedia ruling is a small win for media freedom
The Supreme Court set aside a Delhi High Court ruling that asked Wikipedia to remove an article about court proceedings in a case filed by ANI.
SC scrapped Bhushan Power and Steel deal to protect IBC, not undermine it
Acquirer JSW Steel and the other parties to the resolution process of the insolvent entity vitiated the sanctity of the bankruptcy code, the apex court found.
