IBC faces test again as top court hears Bhushan Power & Steel case

ED objected to the applicability of Section 32A of the Insolvency and Bankruptcy Code (IBC) to the JSW-Bhushan deal

Ishita Ayan Dutt Business Standard Kolkata
INSOLVENCY, IBC, Companies, audit, nclt

Much like the applicability of Section 32A, the apex court will have to decide on the criminality and attachment of assets under the PMLA.

The Supreme Court will have its task cut out in settling yet another contentious aspect of the Insolvency and Bankruptcy Code (IBC), once it starts hearing the Bhushan Power & Steel (BPSL) case. Altho

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First Published: Jul 07 2020 | 11:55 AM IST

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