FinMin to take review meet on NPA recovery next week

FinMin to take review meet on NPA recovery next week

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).

NCLAT reserves order in Bhushan Power case

NCLAT reserves order in Bhushan Power case

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 adjourns hearing over JSW’s bid for Bhushan Power and Steel

NCLAT adjourned hearing of Tata Steel’s plea against the revised JSW Steel bid for Bhushan Power and Steel to 1 November

NCLAT adjourns hearing over JSW’s bid for Bhushan Power and Steel

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.

Banks back revised JSW offer for Bhushan Power and Steel

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

Banks back revised JSW offer for 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