NCLAT rejects CoC plea seeking early disposal of Bhushan Power and Steel CIRP

Aditi Singh June 12 2019
Bhushan Power and Steel

The National Company Law Appellate Tribunal (NCLAT) has rejected an “appeal” made by the Committee of Creditors (CoC) of debt-ridden Bhushan Power and Steel seeking the “early disposal” of the corporate insolvency resolution process by the Adjudicating Authority, National Company Law Tribunal (NCLT), New Delhi.

The plea was filed to speed track the process in the matter after the NCLT had reserved its judgement on the approval to JSW Steel’s resolution plan for Bhushan Power and Steel on April 23.

Rejecting . . .

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