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BPSL RESOLUTION PLAN
Supreme Court upholds JSW Steel’s Rs 19,700 crore takeover of BPSL, rejects challenges by former promotersThe Supreme Court upheld JSW Steel's ₹19,700-crore resolution plan for Bhushan Power and Steel, affirming the commercial wisdom of the Comm...- Bhushan Power and Steel lenders seek Rs 6,155 cr interest from JSW over resolution delayLenders of Bhushan Power and Steel (BPSL) told the top Court on that they are entitled to over Rs 6,155 crore in interest from JSW Steel du...
- SC lists review petitions of JSW Steel and BPSL lenders in open court on July 31The Supreme Court will review its May 2 judgment regarding Bhushan Power and Steel (BPSL) liquidation, hearing petitions from JSW Steel and...
- CJI to Form Bench on JSW, lenders’ plea against Bhushan Power liquidationChief Justice of India BR Gavai said he will soon constitute a bench to hear review petitions filed by JSW Steel and lenders of Bhushan Pow...
- BPSL’s ex-RP files review plea in SC over cancellation of JSW Steel takeoverBhushan Power and Steel's former resolution professional, Mahender Khandelwal, has filed a review petition in the Supreme Court following t...
- Bhushan Power liquidation will hurt all stakeholders, JSW Steel and lenders tell SCJSW Steel and lenders are requesting the Supreme Court to review its order against JSW's acquisition of Bhushan Power & Steel Ltd. JSW clai...
- JSW moves Supreme Court to halt Bhushan Power and Steel Ltd liquidationJSW Steel has appealed to the Supreme Court to halt the liquidation of Bhushan Power and Steel Ltd (BPSL), warning it would be detrimental ...
- JSW Steel evaluating legal options for troubled BPSL assetsJSW Steel implemented the resolution plan for Bhushan Steel and Power Ltd "in full compliance" and the company is now evaluating all option...
- JSW Steel seeks refund of Bhushan Power and Steel-linked paymentsJSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follo...
- NCLT adjourns hearing on Bhushan Power & Steel's promoter plea for a monthThe National Company Law Tribunal has postponed the hearing on Bhushan Power & Steel's case. Sanjay Singhal, the former promoter, filed a p...
- Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation orderSanjay Singal, former promoter of Bhushan Power and Steel, has appealed to the NCLT Delhi to enforce the Supreme Court's decision overturni...
- Future tense for many past-perfect IBC deals: After JSW setback, past insolvency resolutions under the lensA Supreme Court ruling impacts past insolvency resolutions. Some deals, similar to the JSW-Bhushan Power case, face scrutiny. These resolut...
- SC ruling against BPSL's resolution plan likely have adverse bearings on JSW Steel financialsThe Supreme Court's rejection of JSW Steel's BPSL takeover plan is anticipated to negatively impact JSW Steel's financials, potentially cau...
- BPSL creditors face big clawback after SC rejection of planThe Supreme Court overturned JSW Steel's acquisition of Bhushan Power & Steel, potentially requiring creditors like Deutsche Bank and SBI t...
- CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & SteelCorporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and Bhushan Power and Steel (BPSL), and res...
- NCLT approves JSW Steel's Rs 19,700 crore bid for Bhushan Power & SteelNCLT has approved JSW Steel's Rs 19,700 cr resolution plan for debt-ridden Bhushan Power & Steel Ltd.
- Not backing out from buying Bhushan Power, but anxious about alleged fraud reports: JSW tells NCLTPNB reported a fraud worth Rs 3,805.15 crore by BPSL by misappropriating bank funds and manipulating its books of accounts.
- High Court asks NCLT to hear out Bhushan Power promotersThe court passed ex-parte orders on April 18 directing the National Company Law tribunal to hear the plea of the BPSL promoters.
- NCLT cannot take decision on bids for Bhushan Steel: SCBoth potential buyers have also offered to invest an additional Rs 7,000 crore in the operations of the company.
- NCLAT rejects Liberty House plea to stay resolution process of Bhushan PowerNCLAT today turned down the plea of UK-based Liberty House to stay the resolution process of Bhushan Power and Steel.
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