How SC’s Rejection of JSW’s Resolution Plan for Bhushan Steel Redefines Stakeholders’ Accountability and IBC Sanctity?
The recent pronouncement by the Supreme Court in Kalyani Transco v. M/S Bhushan Power and Steel Ltd & Ors.1 serves as a stark reminder of the sanctity of the Insolvency and Bankruptcy Code, 2016 (IBC), and the perils of procedural laxity and opportunistic manoeuvring. The apex court not only disapproved of the National Company Law Appellate Tribunal’s (NCLAT) judicial review […]
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