Bhushan Power and Steel: NCLAT issues notice to Centre, ED in JSW Steel's plea for immunity

Aditi Singh September 16 2019
nclat

The NCLAT has issued notice to the Central Government and the Enforcement Directorate in a plea by the winning resolution applicant for Bhushan Power and Steel, JSW Steel Ltd, seeking immunity for the assets of the former from the ongoing criminal proceedings against it.

The NCLAT has recently held that if the assets of a Corporate Debtor are the result of "proceeds of crime . . .

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