M&A Critique

Supreme Court Quashes Bhushan Power & Steel Resolution Plan, Mandates Liquidation

In a landmark judgment, the Supreme Court of India has quashed the Resolution Plan for M/s. Bhushan Power and Steel Limited (BPSL), previously approved by both the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). The Court's decision highlights critical failures in adhering to the mandatory provisions of the Insolvency and Bankruptcy Code, ...

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Satish Kadroli

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