Bhushan Power And Steel
CoC of BPSL pledge before SC to return money on its sale within two months
The conditions of Bhushan Power and Steel Ltd's takeover are being appealed by the steel mill's former promoter
1 min read6 Mar 2020ED files chargesheet against Bhushan Power and Steel in money laundering case
Sanjay Singal was placed under arrest on 22 Nov under PMLA after he was questioned in connection with the caseThe agency had in October attached immovable properties worth ₹4,025 cr of Bhushan Power and Steel
1 min read18 Jan 2020Court dismisses former BPSL CMD Singal's bail plea
Singal is accused in a multi-crore money laundering case linked to an alleged bank loan fraudSpecial judge denied the relief to Singal saying the quantum of amount involved in the case and the role allegedly played by him do not entitle him to bail
1 min read25 Dec 2019Former BPSL CMD Singal sent to seven-day custody in money laundering case
He was arrested as he was not cooperating in the probe, the Enforcement Directorate saidThe ED had recently attached assets worth ₹4,025 crore of Bhushan Power and Steel Limited
1 min read23 Nov 2019JSW Steel declared winning bidder for Bhushan Power and Steel
JSW Steel will now pay Rs19,700 crore in cash to Bhushan Power and Steel's lenders and infuse ₹350 croreBhushan Power and Steel is the second insolvent firm acquired by JSW Steel after Monnet Ispat and Energy last year
1 min read14 Feb 2019NCLAT reserves order on Bhushan Power and Steel
The appellate tribunal also asked all concerned parties to submit their written submissions (if any) by 26 December
1 min read20 Dec 2018How Liberty House reneging on payments affects IBC
Lenders would be better off demanding that Liberty House honour payments rather than setting a precedent that allows successful bidders to renege on their commitments
2 min read15 Nov 2018Tata Steel charges Bhushan Power lenders with violation of NCLAT order
Tata Steel claims lenders to Bhushan Power and Steel Ltd (BPSL) allowed JSW Steel to change basic parameters of its bid three times after 13 August
2 min read2 Nov 2018Tata Steel objects to JSW Steel's ‘final' bid for Bhushan Power
Lenders allowed JSW Steel to change the basic parameters of its bid for Bhushan Power and Steel after having previously declared Tata Steel as the highest bidder, says Tata Steel in NCLAT
2 min read23 Oct 2018JSW may not pursue Essar Steel if it wins Bhushan Power
Creditors to Bhushan Power and Steel are overwhelmingly in favour of JSW Steel's offer for the stressed plant
3 min read18 Oct 2018Wait for it…
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