SC bench was examining review pleas that questioned its May order to liquidate the company; says JSW turned Bhushan Power from a loss-making to a profit-making entity.
If every resolution is subject to reversal years later, and every acquirer must factor in the risk of ED or other state action, then the core promise of the code is being undermined.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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