The National Company Law Tribunal (NCLT) will conclude hearing on Bhushan Power and Steel (BPSL) insolvency case by April 15. Insolvency resolution process for the company was admitted by the principal bench of the NCLT on July 26, 2017 on a plea of Punjab National Bank.
Operational creditors (OCs) to Bhushan Power and Steel (BPSL) on Tuesday raised objections over the committee of creditors (CoC)-approved plan before the National Company Law Tribunal (NCLT), terming it as “discriminatory”.
With little possibility of the two big ticket IBC cases — Essar Steel and Bhushan Power and Steel — happening this fiscal, the Department of Financial Services (DFS) will meet the PSU banks on March 18 to review the status of their non-performing assets (NPAs).
Paving the way for JSW Steel to take over Bhushan Power and Steel (BPSL), the National Company Law Appellate Tribunal (NCLAT) on Monday dismissed Tata Steel’s objections that lenders had given the Sajjan Jindal
The National Company Law Appellate Tribunal (NCLAT) on Thursday completed hearing on Tata Steel’s petition, challenging the lenders’ discretion to allow JSW Steel to revise its bid for bankrupt Bhushan Power a
NCLAT adjourned hearing of Tata Steel’s plea against the revised JSW Steel bid for Bhushan Power and Steel to 1 November
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned hearing of Tata Steel’s plea against the revised JSW Steel bid for Bhushan Power and Steel to 1 November.
Nearly 90% of lenders voted in favour of Sajjan Jindal-promoted JSW’s bid, which has offered upfront payment of Rs 19,300 crore to banks in lieu of the loans they have to recover from debt-laden Bhushan Power and Steel
More than two-thirds of lenders to bankrupt Bhushan Power and Steel on Tuesday voted in favour of a revised offer by JSW Steel, turning on the heat in a contest for an asset that is being pursued by Tata Steel
Lenders to the Bhushan Power and Steel (BPSL) are likely to meet next week to choose the most eligible bidder for the troubled steelmaker. Sources said BPSL’s resolution professional (RP) Mahender Kumar Khandelwal has now asked
The resolution plan for Bhushan Power and Steel, facing insolvency proceedings, is likely to be finalised this month, the IRP for the firm Mahender Kumar Khandelwal said today.