Archive · 27 May 2025
NCLT Defers Bhushan Steel Hearing After Supreme Court Order
The legal proceedings regarding Bhushan Power & Steel (BPSL) are on hold.
The Supreme Court told everyone to pause the liquidation process.
Because of this, the National Company Law Tribunal (NCLT), which was supposed to have a hearing, postponed it.
The hearing will now be in August.
This is because JSW Steel, a company involved in the case, is seeking a review, so the court needs to wait.
The Supreme Court ordered a status quo on Bhushan Power & Steel's liquidation.
NCLT deferred its hearing on the BPSL case.
The Supreme Court had previously rejected JSW Steel's resolution plan.
The deferral is a result of the Supreme Court's order.
The hearing is deferred to August.
- Who
- NCLT, Bhushan Power & Steel (BPSL), JSW Steel
- What
- NCLT deferred the hearing on the BPSL case.
- When
- May 27, 2025 (NCLT hearing); August (deferred hearing)
- Where
- NCLT (Delhi)
- Why
- Following the Supreme Court's status quo order.
- Court
- Supreme Court
- Supreme Court Order
- Status quo on liquidation
- Deferred Hearing
- August
- NCLT Hearing Date
- May 27, 2025
- Company
- Bhushan Power & Steel (BPSL)
Sources
Bhushan Power case: JSW weighs legal options
Supreme Court puts Bhushan Power liquidation on hold as JSW seeks review
SC orders status quo on liquidation of Bhushan Power as JSW Steel seeks to halt proceedings
Bhushan Steel liquidation: Supreme Court orders status quo on proceedings pending before NCLT
Liquidation of Bhushan Steel: SC orders status quo on proceedings pending before NCLT
Supreme Court stays liquidation of Bhushan Power & Steel
