The Supreme Court’s BPSL Judgement: Key Lessons and the Way Forward with Tine Abraham & Mohammed Shameer

The Supreme Court of India recently ordered the liquidation of Bhushan Power and Steel Limited (BPSL) under the Insolvency and Bankruptcy Code (IBC), marking a significant development with wide-ranging implications for Corporate India. The case highlights critical issues around procedural rigour, finality in insolvency proceedings and the scope of judicial intervention. At a recent IMA India CFO Forum session, Tine Abraham, Partner, Disputes Practice and Mohammed Shameer, Partner, Disputes Practice at Trilegal, examined the judgment and discussed its potential impact on the corporate and investor community. This podcast summarises these discussions.