💨 Abstract

The acquisition of Bhushan Power & Steel by JSW Steel, initiated under the Indian Insolvency and Bankruptcy Code (IBC) in July 2017, faced extensive legal challenges and delays, eventually leading the Supreme Court to order liquidation in May 2025. This lengthy process raises concerns about the effectiveness of the IBC in providing timely, transparent, and final resolution.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖