The Supreme Court Today (Aug 8) heard intense arguments in the Bhushan Power and Steel case, where the CoC slammed former promoters and accused JSW Steel of delay. Solicitor General Tushar Mehta called it a major case of fund siphoning and defended the CoC’s ongoing authority.
Finance Minister Nirmala Sitharaman reported in the Lok Sabha that the Enforcement Directorate (ED) has recovered Rs 22,280 crore in illicit assets, aiding public sector banks and defrauded investors. Key recoveries include Rs 14,132 crore from Vijay Mallya and Rs 1,053 crore from Nirav Modi. The government remains committed to combating economic offenses.
