Latest News on Bhushan Power
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Bhushan Power - Total results - 8
Mar 08, 2019
NCLAT directs NCLT to decide on JSW's bid for Bhushan Power and Steel by 31 MarchEarlier, on 4 February the NCLAT had dismissed the plea of Tata Steel and upheld lenders' decision to approve resolution plan of JSW Steel for Bhushan Power & Steel.
Jan 28, 2019
Three years on, bankruptcy reform languishes in courts; bankers offload bad debts at fire sale pricesThe Insolvency and Bankruptcy Code allows even small creditors to file insolvency petitions against a company that had defaulted on debt
Jul 10, 2018
JSW Steel to revamp acquisition strategy post recent setbacks, aims to take over smaller plants in India and abroadJSW Steel, India’s biggest steelmaker in terms of domestic capacity, failed to outbid rival Tata Steel in March for bankrupt steelmaker Bhushan Steel
May 09, 2018
Tata Steel moves company law appellate tribunal over Liberty House bid for Bhusan Power & SteelTata 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
Feb 26, 2018
Bhushan Power bid: Liberty House plans to move company law tribunal this weekHit 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
Jun 28, 2017
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom linesThese 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.
Jun 26, 2017
NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says CrisilThe 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.
Dec 25, 2013
Coal Ministry seeks explanation from JSW, Tata Steel, othersThe 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.