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SC rejects JSW Steel's resolution plan, orders liquidation
Salar
|3 May, 2025
The Supreme Court on Friday set aside the resolution plan submitted by JSW Steel for Bhushan Steel and Power Ltd (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).
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‘A bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma ordered the liquidation of BSPL under IBC.
The top court criticised the conduct of all key stakeholders in the resolution process — the resolution professional,
Diese Geschichte stammt aus der 3 May, 2025-Ausgabe von Salar.
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