SC strikes down JSW's deal, orders liquidation of Bhushan...

SC strikes down JSW's deal, orders liquidation of Bhushan Steel & Power

Posted

193

The Supreme Court overturned the acquisition of Bhushan Power & Steel by JSW, directing liquidation due to legal and regulatory violations. JSW's Rs 19,700 crore plan was rejected, with the court citing delayed payments and dishonest intentions. The resolution professional failed in their duties, and the committee of creditors didn't protect creditor interests, impacting public sector banks.

Read Full Article

Please log in to like, share and comment!

Sports

Photos: 'A blessing' - Ayush Mhatre receives signed bat from Rohit Sharma

Ahead of the England tour, India Under-19 skipper Ayush Mhatre received a signed bat from Rohit...

Von 0 1

Entertainment

Sitaare Zameen Par opens with nearly Rs 4 crore advance booking

Aamir Khan makes his return with 'Sitaare Zameen Par,' directed by R.S. Prasanna, also marking...

Von 0 10

Entertainment

THIS actor was the original choice for Anil Kapoor in Yudh

On Raj Kiran's 76th birthday, the mystery surrounding his disappearance persists. Filmmaker Rajiv...

Von 0 28

Entertainment

Judge gives Baldoni access to Blake-Taylor messages

A judge has granted Justin Baldoni access to communications between Blake Lively and Taylor Swift...

Von 0 28

National

Top leaders of three major parties meeting today

KATHMANDU: Top leaders of the three major political parties are set to meet today to discuss...

Von 0 23