On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.
21 May 2018 12:27 PM
Bhushan Steel was among the 12 stressed assets the Reserve Bank of India had referred to NCLT proceedings last year.
21 May 2018 10:45 AM
As part of the deal, a unit of Tata Steel is paying 352.33 billion rupees to Bhushan Steel’s creditor banks.
19 May 2018 10:20 AM
This has been recognised by International Credit Rating Agencies as well.
19 May 2018 1:57 AM
CoC had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.
15 May 2018 12:07 PM
NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.
23 Apr 2018 12:24 PM
Tata Steel has accepted the letter of intent for BSL under corporate insolvency resolution process of the IBC.
23 Mar 2018 11:23 AM
NCLT refused, stating that it is ‘not inclined to accept’ Tata Steel's objection at this stage.
19 Mar 2018 1:33 PM
ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden Essar Steel.
22 Nov 2017 3:37 PM
SBI is claiming to recover Rs 4,295 cr from Bhushan steel along with USD 490 million foreign currency loan.
19 Jul 2017 2:06 PM
RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 cr of outstanding loans..
17 Jun 2017 12:31 PM