Source: business-standard.com The Supreme Court on Wednesday stayed an order of the Punjab and Haryana High Court in which it had asked the Committee of Creditors (CoC) of Bhushan Power and Steel Limited and the National Company Law Tribunal (NCLT) to consider the objections raised by the former directors of the company before finalising any
Source:- businesstoday.in. The Bombay High Court Thursday refused to intervene in the Jet Airways crisis, saying it cannot direct the government and the Reserve Bank of India to rescue a “sick company”. A bench of Chief Justice Pradeep Nandrajog and Justice N M Jamdar dismissed a writ petition seeking the government and the central bank be
Source – indiatimes.com Kolkata, Apr 8 () Binani Industries has decided to move the Supreme Court with an appeal to redeem the pledge of its assets in debt ridden subsidiary Binani Cements Ltd from its lenders and will also submit 10 per cent of the offer to prove its commitment, a company official today said. “We
