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.
The challenge is no longer one of policy intent — the blueprint for a world-class ECCE system exists within the NEP 2020. The task now is implementation fidelity.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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.