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.
Former promoters of Bhushan Power Today (Aug 7) urged the Supreme Court to restart the insolvency process instead of liquidating the company. They argued that the approved JSW plan should be reviewed if it is found legally flawed.
