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Supreme Court does U-turn, validates JSW takeover of Bhushan Steel | India News

NEW DELHI: In a decision that could have a salutary bearing on the Insolvency and Bankruptcy Code (IBC), Supreme Court on Friday reversed its eyebrow-raising May 2 verdict, directing liquidation of bankrupt Bhushan Power and Steel Limited, to put back in place the National Company Law Appellate Tribunal’s Feb 2020 decision to allow Sajjan-Jindal-led JSW…

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Kiren Rijiju: Ruling validates govt stand on reforms | India News

MUMBAI/NEW DELHI: Welcoming SC’s order in Waqf Amendment Act, Union minister Kiren Rijiju said Monday the judgment has validated govt’s case for significant reforms in waqf laws, emphasising the amended Waqf Act remains fully operational.Rijiju who piloted the legislation in Parliament emphasised that govt in its affidavit said the Act had been drafted with due…

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