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Bhushan Power Insolvency Resolution May Run Into Promoter Block...Again.
Sanjay Singhal approaches Supreme Court seeking a stay on implementation of JSW Steel’s resolution plan.
11 Mar 2021, 03:37 PM IST
Just as Bhushan Power and Steel Ltd.’s insolvency resolution case neared conclusion in the Supreme Court, former promoter Sanjay Singhal has made one more attempt to block the resolution plan.In a new application filed on March 8, Singhal has requested the top court to order a stay on the implementation of the winning plan submitted by JSW Steel Ltd. Or else, says Singhal, there will be severe prejudice caused to his appeal challengi...
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