Bhavini Mishra

1 week ago | rediff.com | Bhavini Mishra |Ishita Ayan Dutt

The Supreme Court on Friday declared JSW Steel Limited’s resolution plan for Bhushan Power & Steel Limited (BPSL) “illegal” and ordered the latter’s liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply. On the BSE, the stock closed at Rs 972.15, down 5.46 per cent. The court’s decision came from a two-judge Bench comprising Justices Bela M Trivedi and Satish Chandra Sharma.

2 weeks ago | rediff.com | Ishita Ayan Dutt |Bhavini Mishra

The inclusion of a “no-contest” clause in Ratan Tata’s will has caught the attention of India Inc, prompting a wave of interest among promoters of listed companies and business families. Legal advisors and estate planners are seeing a noticeable uptick in queries, as wealthy individuals look for ways to shield their legacies from courtroom battles.