Legal Proceedings Delayed in High-Stakes Corporate Dispute

NEW DELHI: The National Company Law Tribunal (NCLT) has postponed the hearing of a significant petition filed by Sanjay Singhal, the former promoter of the financially troubled Bhushan Power & Steel, to June 26. This development marks another chapter in the ongoing legal saga surrounding the company's resolution plan.

Seeking Justice: Singhal's appeal to the NCLT is aimed at enforcing a Supreme Court order. The apex court had previously nullified a massive Rs 19,700-crore resolution plan proposed by JSW Steel on May 2, adding another layer of complexity to the case.

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