Intentar ORO - Gratis
A Welcome Recall
Financial Express Chandigarh
|August 02, 2025
SC should penalise those who tried to game the system in the BPSL case, but liquidation is certainly not an option
-
The Supreme Court's (SC) decision to recall its May 2 judgment that had ordered the liquidation of Bhushan Power and Steel (BPSL) is a significant positive outcome for the Insolvency and Bankruptcy Code (IBC) and the overall framework for stressed asset resolution in India.
The top court's decision to hear the case afresh on August 7 acknowledges the implications of the earlier judgment on thousands of BPSL workers; on a company that has been turned around to a profitable and healthy going concern; and on investor confidence in the insolvency process.
It's also a realisation on the part of the apex court that on economic and commercial issues, it should consider the unintended consequence of its decisions.
Esta historia es de la edición August 02, 2025 de Financial Express Chandigarh.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Chandigarh
Financial Express Chandigarh
‘Some stress to be visible if tariff woes extend beyond March’
Indian Overseas Bank (IOB) posted its highest-ever quarterly net profit of ₹1,365 crore in the third quarter.
2 mins
January 15, 2026
Financial Express Chandigarh
IOB profit jumps 56%, asset quality improves
Domestic NIM to be maintained at 3.3-3.4% range
1 mins
January 15, 2026
Financial Express Chandigarh
Wholesale price inflation at 8-month high in Dec
INDIA'S WHOLESALE PRICE inflation rose to an eight-month high of 0.83% (year-on-year) in December primarily due to a sequential uptick in the prices of food articles, nonfood articles, minerals and manufactured products, the government data released on Wednesday showed.
1 min
January 15, 2026
Financial Express Chandigarh
Keeping India open and secure
INDIA'S GROWTH DEPENDS ON OPENNESS CALIBRATED CAREFULLY WITH SECURITY CONCERNS
4 mins
January 15, 2026
Financial Express Chandigarh
Big Oil won't keep beating the crude market
JOHN D ROCKEFELLER, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a good sweating.”
2 mins
January 15, 2026
Financial Express Chandigarh
After bird-poop complaints, monkey spotted at India Open badminton
A DAY AFTER a Danish player complained of bird-poop littering around the venue, a monkey sighting was reported at the Indira Gandhi Sports Complex hosting the India Open badminton Super 750 tournament.
2 mins
January 15, 2026
Financial Express Chandigarh
From passive surveillance to real-time intelligence
AI IS MAKING SURVEILLANCE CAMERAS PROACTIVE, PRECISE AND POWERFUL
1 mins
January 15, 2026
Financial Express Chandigarh
MF industry seeks parity in tax for debt schemes
THE MUTUAL FUND industry is seeking the same tax status for debt schemes as it exists for equities in the upcoming Budget.
3 mins
January 15, 2026
Financial Express Chandigarh
Pvt seed firms to be under traceability system
ENSURING INTEGRATION
1 mins
January 15, 2026
Financial Express Chandigarh
BofA tops estimates as lending revenue rises, trading beats
BANK OF AMERICA Corp.’s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates.
1 mins
January 15, 2026
Listen
Translate
Change font size