[ad_1] NEW DELHI: Supreme Court on Friday quashed the acquisition of bankrupt Bhushan Power & Steel Ltd by JSW under the Insolvency and Bankruptcy Code and ordered liquidation of the debt-ridden company, in a blow to the Sajjan Jindal-led group and public sector banks, reports Amit Anand Choudhary.The court said there were multiple violations of…
[ad_1] NEW DELHI: The Rs 4,783-crore revival package of bankrupt Jet Airways offered by the Jalan-Kalrock consortium appeared headed for a dead-end as Supreme Court on Friday refused to extend the Jan 31 deadline for the successful bidder to deposit Rs 150 crore.Appearing for Jalan-Kalrock, senior advocate Maninder Singh tried to convince a bench of…
[ad_1] MUMBAI: The appellate tribunal on Friday declined to stay the merger of Zee and Sony Pictures (renamed Culver Max Entertainment) while hearing a petition filed by two lenders. The National Company Law Appellate Tribunal (NCLAT) directed Zee to file its response to IDBI Bank and Axis Finance’s pleas and listed the case for hearing…
