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Tata Steel moves company law appellate tribunal over Liberty House bid for Bhusan Power & Steel
•Tata Steel has challenged the 23 April, 2018 order passed by the National Company Law Tribunal (NCLT), which asked the lenders of Bhushan Power & Steel led by PNB, to consider the bid submitted by Liberty House
Bhushan Power bid: Liberty House plans to move company law tribunal this week
•Hit by rejection of its bid to acquire Bhushan Power and Steel, UK-based Liberty House plans to move NCLT this week to direct creditors and resolution professional to consider its offer
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom lines
•These 12 large accounts had become NPAs by end-March 2016 and Crisil estimates show the banks had already provisioned 40 percent for these NPAs worth Rs 2 trillion or about Rs 80,000 crore.
NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says Crisil
•The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation.
Coal Ministry seeks explanation from JSW, Tata Steel, others
Fp Archives •The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms such as JSW Steel, Tata Steel and Power Finance Corp, for delays in commencing production from mines allocated to them.