SC flags RP's failures in Bhushan Power and Steel's insolvency plan

Q: How long will it take to read this news story?

The story "SC flags RP&#039;s failures in Bhushan Power and Steel&#039;s insolvency plan" has 125 words across 5 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SC flags RP&#039;s failures in Bhushan Power and Steel&#039;s insolvency plan" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 284 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28402543</li><li>URL: https://apeiron.beamstart.com/news/sc-flags-rps-failures-in-17464535216656</li></ul>

Business Standard Logo Business Standard 5h ago

SC flags RP's failures in Bhushan Power and Steel's insolvency plan - Business Standard

Quick Summary:

Need More Information - write to us at assist@bsmail.

The court said any suppression of material facts — whether missed or ignored — could compromise the integrity of the insolvency process.

The Supreme Court has cited serious lapses by the resolution professional (RP) of Bhushan Power and Steel and non-disclosure of key information, in a verdict that could reshape the due diligence process under the Insolvency and Bankruptcy Code (IBC), say legal experts.