Bhushan Power And Steel

Despite frauds, JSW Steel Chairman Sajjan Jindal says no plan to exit Bhushan Power & Steel bid

JSW Steel had put in a Rs 19,300-crore bid to take over Bhushan Power and Steel

Punjab & Sind Bank shares drop over 6% after lender flags Rs 238-cr fraud by Bhushan Power and Steel

Shares of Punjab & Sind Bank on Thursday fell over 6 percent after the lender reported over Rs 238-crore fraud by Bhushan Power and Steel (BPSL)

Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank

Bhushan Power and Steel has misappropriated bank funds, manipulated books of accounts to raise funds from a consortium of lender banks

Allahabad Bank shares drop 8% as govt-run lender informs RBI about Rs 1,775 cr fraud by Bhushan Power and Steel

Allahabad Bank stock dropped 14.5 percent on Monday after the company reported a fraud of Rs 1,775 crore by Bhushan Power and Steel to the Reserve Bank of India

Not backing out from buying Bhushan Power and Steel, but anxious about alleged fraud reports: JSW tells NCLT

JSW Steel on Monday told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel despite reports of alleged fraud by its former promoters

NCLAT directs NCLT to decide on JSW's bid for Bhushan Power and Steel by 31 March

Earlier, 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.

Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues

Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.

Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hour

What led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays

Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations, says attempts made to sabotage resolution process

Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, sources said

Tata Steel, JSW, Liberty House submit bids for debt-ridden Bhushan Power & Steel's assets

On 6 August, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this