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.
Supreme Court verdict is unfortunate, given how few applicants come forward in insolvency cases of this scale—and part of the legislative intention behind the IBC was to rescue businesses.
The probe agency has attached the firm's land, building, plant and machinery located in Odisha under the provision of the Prevention of Money Laundering Act (PMLA).
Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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