कोशिश गोल्ड - मुक्त
A Welcome Recall
Financial Express Hyderabad
|August 02, 2025
SC should penalise those who tried to game the system in the BPSL case, but liquidation is certainly not an option
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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.
यह कहानी Financial Express Hyderabad के August 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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