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Total 58 results found. Search for [ Bhushan Power JSW resolution ]

Results 1 to 21 of 58
BusinessToday.In
March 26, 2021
BPSL has an integrated steel unit with liquid steel capacity of more than 2.5 million tonnes per annum in Jharsuguda, Odisha.


Nevin John
March 13, 2021
In the insolvency and bankruptcy proceedings, JSW Steel had proposed to repay Rs 19,350 crore to the BPSL lenders against their claims of Rs 48,000 crore


BusinessToday.In
March 5, 2021
Lenders with 97 per cent voting share voted in favour. The effort is to complete the process by March 31.


Nevin John
New Delhi, February 18, 2021
How Chairman N Chandrasekaran is revamping the $106 billion group into a future ready, tech enabled conglomerate


Nevin John
June 22, 2020
Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals


Nevin John
New Delhi, March 31, 2020
JSW Steel was supposed to make payment before March 16 for the acquisition, but it has been delayed as the former promoter Sanjay Singhal filed a petition against the takeover at the Supreme Court


Nevin John
February 18, 2020
According to the latest data of Insolvency and Bankruptcy Board of India (IBBI), the number of new cases admitted to insolvency courts has increased by 30.29 per cent to 3,312 in the three months until December 2019


BusinessToday.In
December 9, 2019
Amendment to IBC: The cabinet is expected to approve significant changes to the insolvency and bankruptcy code (IBC) at the earliest to safeguard the companies taking over the broke businesses from prosecution for financial crimes by the outgoing promoters


PTI
New Delhi, November 25, 2019
This will help make the insolvency process more attractive for the bidders and instil confidence in them


Manu Kaushik
New Delhi, October 30, 2019
Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further


Dipak Mondal
October 17, 2019
The NCLAT in its order has said that the ED has no jurisdiction to attach the property of a corporate debtor especially when an appeal is pending against such an attachment.


Dipak Mondal
New Delhi, October 12, 2019
The attachment order came after two banks - Punjab National Bank and  Allahabad Bank - had earlier accused the ex-promoters and directors of Bhushan Power and Steel of fraudulently availing loans worth over Rs 5,500 crore.


BusinessToday.In
September 5, 2019
The NCLT also clarified that the criminal cases against the founders of BPSL for siphoning off funds from the company would not affect JSW Steel as its new promoter


Dipak Mondal
New Delhi, July 23, 2019
As more skeletons tumble out of Bhushan Power and Steels closet, it has put the ongoing insolvency process in danger


BusinessToday.In
July 9, 2019
On Saturday, Punjab National Bank alleged that the bankrupt steel company misappropriated bank funds and manipulated its books of accounts to raise funds from its consortium of lenders. The size of the fraud is pegged at Rs 3,805 crore against Rs 2,348 crore mentioned in the CBI FIR against the company and its top brass.


PTI
March 11, 2019
Ruia has challenged the orders of the Ahmedabad bench of the National Company Law Tribunal (NCLT), which on Friday approved the Rs 42,000-crore takeover plan of Essar Steel by ArcelorMittal.


PTI
March 8, 2019
A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has also directed the National Company Law Tribunal (NCLT) to hear the representatives of operational creditors, promoters along with dissenting banks also.


PTI
March 8, 2019



PTI
February 4, 2019



BusinessToday.In
New Delhi, January 29, 2019
The stressed accounts, which also include Bhushan Power, Alok Industries, ABG shipyards, Amtek Auto, Lanco, Era Infrastructure and Jyoti Structures, owed nearly Rs 2.5 lakh crore to lenders.


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