Bhushan Power Liquidation? A ₹19,700 Cr Investment Undone by One Judgment

Описание: Jindal Steel invested ₹19,700 crores to revive Bhushan Power & Steel, growing its capacity from 2.5 to 4.5 million metric tonnes over five years. But in a shocking turn, the Supreme Court, exercising its powers under Article 142, ordered the liquidation of the now-profitable company—citing flaws in the CIRP process.

What happens to investor confidence, economic growth, and India’s business climate when judicial decisions unravel hard-won turnarounds?

In this short, Senior Supreme Court Lawyer Sajan Poovayya raises a fundamental question: Shouldn’t courts also consider the economic impact of their judgments?

#corporatelaws #jindalsteel #lawdecodedwithsp
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About Sajan Poovayya:

Mr Sajan Poovayya is a Senior Advocate, Supreme Court of India. He has also served as the Additional Advocate General for the state of Karnataka in 2012-13. As the top tech lawyer in India, Mr Poovayya has appeared in various matters across the country representing top tech companies and new age businesses. As a free speech enthusiast he has consistently advocated for individual privacy and citizen autonomy. Mr Poovayya, also runs various campaigns to promote legal awareness and legal literacy in India through information dissemination campaigns.

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About Law Decoded with SP:

Law Decoded aims to democratize legal understanding by translating complex concepts into accessible language. We foster dialogue among professionals and curious citizens, driving forward-thinking discussions on jurisprudence and policy. Our platform offers incisive analysis, challenges norms, and confronts intricate legal issues. Recognizing a gap in quality digital legal content, we lead online legal discourse. We embody intellectual acuity and a passion for robust debate. Through social media, we engage audiences and catalyze insights about law's societal impact. Our mission is to lead conversations, offer fresh perspectives, and encourage critical thinking about legal matters, to build a more legally literate society