The Bhushan Power and Steel case, which had listed for hearing on Thursday in Supreme Court, could not be heard as Registrar suddenly shortened the list of case hearing.
The BPSL case was dropped when case hearing list was pruned. No fresh date was has been given.
Over three-year-old case has been lingering, with Enforcement Directorate filing fresh affidavit on links between the winning bidder JSW Steel and BPSL promoter Sanjay Singal.
With multiple litigation and allegations, the interest of both banks and JSW Steel has been hit hard. The company, which has already tied-up ₹20,000 crore for closing the deal, has been incurring interest on the loan facility even before utilising it.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.