Undoing an error: The Bhushan Steel judgement
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Undoing an error: The Bhushan Steel judgement
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About this listen
The Court's decision to restore the Bhushan Steel takeover makes clear that the Insolvency and Bankruptcy Code is a framework for revival, not destruction. We look at how the Review Bench acknowledged delays caused by external factors (like the ED and former promoters) and reaffirmed two core principles: the supremacy of the Committee of Creditors’ commercial wisdom and the narrowed locus of former promoters to stall the process
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.