Bhushan Power & Steel
Allahabad Bank reports USD 259 mn alleged fraud by Bhushan Power & Steel
Bhushan Power & Steel among the first 12 companies referred by RBI to a bankruptcy court for a debt resolution process.
PNB says detects 38-billion rupee fraud
PNB has been defrauded of over USD 2 billion in a separate scam that came to light last year.
Tata Steel to match JSW bid for Bhushan Power
Tata Steel did not revise its bid in August and sought directions from the Supreme Court to quash re-bid for BPSL.
NCLAT extends deadline for submission of revised bid for Bhushan Steel
Tata Steel put in a bid of Rs 17,000 crore. Bhushan Power and Steel owes about Rs 45,000 crore to its lenders.
NCLAT allows lenders to meet and finalise Bhushan Power bid
Vacating its earlier stay, the appellate tribunal has directed the CoC of the company to consider the resolution plans.
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