The 100-page ruling highlighted 'flagrant violations' of IBC by JSW in the insolvency process that commenced in 2017. Debt-laden steelmaker BPSL will now undergo liquidation.
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Does the court want IBC mechanism to fail? This issue could have easily tackled by applying fines on JSW…eith the interest on delayed payments or difference in steel prices per tonne. Wonder is something else was the motive here.
Does the court want IBC mechanism to fail? This issue could have easily tackled by applying fines on JSW…eith the interest on delayed payments or difference in steel prices per tonne. Wonder is something else was the motive here.