Page 3 - Bhushan Power & Steel

NCLAT rejects Liberty House plea to stay Bhushan Power's resolution process

A two-member bench of the appellate tribunal directed the committee of creditors to go ahead with the resolution process

Tata Steel raises concerns over power theft in Bhushan Power's plant

Some service providers to Bhushan Power and Steel have also found theft in the plant during the moratorium period

Insolvency process: Bhushan Power decision on preferred bidder next week

Some of the lenders felt that the bid put forward by Liberty House should also be looked into

Operational creditors of Bhushan Power may halt work at Jharsuguda plant

The creditors are appealing against the payment of dues to the tune of Rs 1.5 billion to Rs 2 billion by post-dated cheques

NCLAT asks RP, CoC of Bhushan Power to address Liberty House's grievances

Liberty House had challenged the creditors' decision to reject Bhushan's bid on grounds of late submission

Lenders choose Tata Steel as preferred bidder for Bhushan Power & Steel

Tata Steel has already bagged Bhushan Steel, which has a capacity of 5.6 million tonnes

Corporate resolution: Larsen & Toubro moves NCLT against Bhushan Steel

The move follows Tata Steel's announcement that it emerged as the highest bidder for the Delhi-based steel company, beating Sajjan Jindal-promoted JSW

Liberty House to approach NCLT on Bhushan Power bid rejection by creditors

Bhushan Power and Steel owes about Rs 450 bn to its lenders

Liberty House to approach NCLT on Bhushan Power bid rejection by creditors

Bhushan Power and Steel owes about Rs 450 bn to its lenders

Bhushan Power & Electrosteel get 90-day extension

According to the IBC rules, application for approved resolution plan has to be filed with the NCLT within 180 days, which can be extended by another 90 days

JSW, Tata Steel, Vedanta eye Bhushan Power

Seven entities express interest in firm undergoing insolvency process

Now, Bhushan Power goes to NCLT as PNB acts tough

Bhushan Power & Steel today became the sixth amongst the 12 largest indebted companies named by the RBI to face liquidation proceedings, as the lenders led by PNB decided to refer it to NCLT. The proceedings will be carried out against the company under the Insolvency and Bankruptcy Code (IBC). Its parent company, Bhushan Steel, was referred to the tribunal for liquidation yesterday by the lenders led by SBI. The Delhi-based Bhushan Power & Steel, which owes Rs 37,248 crore to a consortium of lenders led by Punjab National Bank, is the sixth out of the 12 large stressed accounts identified by the Reserve Bank earlier this month for referral to the National Company Law Tribunal (NCLT). "Banks at a meeting today decided to refer the case to NCLT for recovery," said a banker. Yesterday, lenders led by SBI had decided to send Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT to initiate insolvency proceedings. While Bhushan Steel is in default of Rs 44,478 crore to .

Bhushan Power & Steel wins Netrabandha Pahar iron ore block

BPSL won the block with a quote to share 87.15% of the revenue from mining operations with Odisha