Bhushan Power resolution: NCLT reserves order on JSW Steel plan

Bhushan Power resolution: NCLT reserves order on JSW Steel plan

The principal bench of the National Company Law Tribunal (NCLT) on Tuesday reserved its order on approval of the JSW Steel’s resolution plan for Bhushan Power and Steel (BPSL). Sources said NCLT is likely to pronounce its final order on JSW Steel’s Rs19,700-crore bid in the next 15 days.

NCLAT quashes NCLT order against ECL

NCLAT quashes NCLT order against ECL

The National Company Law Appellate Tribunal (NCLAT) has set aside the National Company Law Tribunal (NCLT) Kolkata bench’s order to start insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India, said an official on Thursday.

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