NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter
Earlier, on 25 October, the NCLAT had asked both organisations, which are presently headed by Sitharaman, to settle the matter adding that there was no question of amendment of laws.
Liquidity crunch key factor for slowdown, is it a bittersweet win for JSW to buy Bhushan Power; all this and more on Moneycontrol Pro
Others say that the credit slowdown is the result of lower demand in the economy and not its cause.
Bhushan Power lenders allowed JSW to change parameters of bids, says Tata Steel; CoC went against NCLAT order
Bhushan Steel and Power was among the 12 non-performing accounts referred by the Reserve Bank of India (RBI) for NCLT proceedings.
NCLAT extends deadline for submission of revised bids for Bhushan Power & Steel on plea of Tata Steel
Bhushan Power and Steel was among the 12 non-performing accounts referred by RBI for NCLT proceedings.
The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel.
Bhushan Power & Steel insolvency: NCLAT allows lenders to meet and finalise bid for the debt-ridden company
Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel
A two-member bench of the appellate tribunal, headed by Chairman Justice S J Mukhopadhaya, directed the committee of creditors (CoC) to go ahead with the resolution process of Bhushan Power & Steel
UK-based Liberty House on Monday approached the National Company Law Appellate Tribunal (NCLAT) against the committee of creditors and resolution professional of Bhushan Power & Steel seeking information on the bid finalisation process of the firm
NCLAT asks Bhushan Power & Steel lenders to proceed with bids submitted by Tata Steel and Liberty House
The NCLAT on Wednesday asked the Committee of Creditors (CoC) of debt-ridden Bhushan Power & Steel to proceed with the bids submitted by Tata Steel
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the creditors of debt-laden Bhushan Power and Steel Ltd, which is facing insolvency proceedings, to consider the bid submitted by UK-based Liberty House
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
"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcy
Monnet Ispat had a debt of over Rs 10,000 crore while its net worth turned negative to Rs 1,602 crore in FY17
The RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.