Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay || Jhar HC Orders 2-Month Probe Deadline, DGP Monitoring to Overhaul Sexual Violence Response in State || Delhi HC: Social Media Cannot Undermine Judiciary; Intermediaries Must Act Without Court Orders || Bom HC Directs No Coercive Action Against Anil Ambani under Black Money Act in Rs 420 Crore Tax Case || Allahabad HC Flags Misuse of BNSS Preventive Detention Powers in Prayagraj Police Commissionerate || Bombay HC: Court-Directed Disclosure Prevails over Confidentiality Clause in Agreement || SC : Del HC can be Approached by CAPF Personnel for Service Disputes || Delhi HC: Khurram Parvez Granted Bail in UAPA Case || Allahabad HC: Magistrates, Police Personally Liable for Illegal Detention || Bombay HC: No Case for Prior Restraint Against HDFC

Top Court Stays High Court Ruling, Clears Deck for NCLT Order on Bhushan Power - (04 Jul 2019)

INSOLVENCY

Top Court has stayed an order of the Punjab and Haryana High Court in which it had asked the Committee of Creditors of Bhushan Power and Steel Limited and the National Company Law Tribunal (NCLT) to consider the objections raised by the former directors of the company before finalising any resolution plan. The directions by the high court were issued despite the Principal Bench of NCLT having already reserved its judgment on a resolution plan for Bhushan Power, submitted by JSW Steel.

Tags : TOP COURT BHUSHAN POWER

Share :