Alerts & Updates 8th May 2025
The recent judgment in the Bhushan Power & Steel Ltd. case is a wake-up call for all insolvency stakeholders. The Court has drawn a firm line that non-compliance, suppression, and post-approval deviations will not be condoned, no matter the commercial value involved. This verdict compels Resolution Professionals, CoCs, and Resolution Applicants to re-examine their roles, responsibilities, and adherence to statutory discipline. A must-read for anyone tracking the evolution and future of insolvency law in India.
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