bhushan steel
NCLAT declines to stay Bhushan Steel sale to Tata Steel
On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.
Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 cr
Bhushan Steel was among the 12 stressed assets the Reserve Bank of India had referred to NCLT proceedings last year.
Tata Steel completes USD 5.2 bn purchase of Bhushan Steel
As part of the deal, a unit of Tata Steel is paying 352.33 billion rupees to Bhushan Steel’s creditor banks.
Banks can increase lending now:Piyush Goyal
This has been recognised by International Credit Rating Agencies as well.
NCLT approves Tata Steel bid for Bhushan Steel
CoC had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.
NCLT asks Bhushan Steel CoC to consider Liberty House bid
NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.
Tata Steel wins bid for Bhushan Steel
Tata Steel has accepted the letter of intent for BSL under corporate insolvency resolution process of the IBC.
Consider objections to Tata Steel bids: NCLT to Bhushan Steel creditors
NCLT refused, stating that it is ‘not inclined to accept’ Tata Steel's objection at this stage.
ArcelorMittal team visits Essar Steel, Bhushan Steel plants
ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden Essar Steel.
NCLT reserves order on SBI’s bankruptcy plea against Bhushan Steel
SBI is claiming to recover Rs 4,295 cr from Bhushan steel along with USD 490 million foreign currency loan.