Employees of Bhushan Steel also submit an offer for the company
On Jan 24, insolvency resolution professional of Bhushan Steel had extended deadline for submission of resolution plans to Feb 3 from Jan 25
Steel firm, facing insolvency, also sought equity support of 26% from the state
The bench also reserved order on the plea filed by Punjab National Bank against Bhushan Steel
Bhushan Steel and Bhushan Power has a liability of around Rs 43,000 cr and Rs 37,000 cr respectively
A reference for insolvency has already been made in Essar's case but not yet in Bhushan Steel's case
Audited results showed that firm's total expenses grew to Rs 5,994 crore from Rs 5,060.47 in FY16
Bhushan Steel outbid Tata Steel, JSW, JSPL
Banks looking for increase in percentage of sustainable part as outlook for the sector improves
Thus far in the calendar year 2017, the stock zoomed 123% against 12% rise in Sensex
The stock hit a 52-week high of Rs 68.55, up 14% on BSE in intra-day trade on back of heavy volumes,
Close to 50 banks have an exposure to the company
The stock hit 52-week high of Rs 57, rallied 34% in past three trading sessions.
Firm had reported a net loss of Rs 728.16 crore in the year-ago period, it said in a BSE filing
He was held guilty under the Indian Electricity Act
He was held guilty under the Indian Electricity Act
It'll be setting up a pellet unit with a production capacity of 7 million tonnes per annum