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IMG recommends cancellation of two coal blocks

The Inter-Ministerial Group on coal blocks on Saturday decided to recommend cancellation of two mines awarded to Bhushan Steel and SKS Ispat & Power, and forfeiture of bank guarantees for two other......

'Nationalise all private banks!'

'One by one we are seeing these private banks taking people's money and mismanaging it.''In the last 30 years, 30 private banks have collapsed.''Nationalise all banks so that people's money is......

Justice S J Mukhopadhaya retires as NCLAT chairperson

He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance......

Tata group stronger, more resilient and future ready: Chandra to employees

With all of the heavy lifting we have done over the past few years, I am confident that we are now well positioned to build on the Tata Group's unique legacy to steer the 21st century towards a......

Good news for stressed asset buyers

In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or......

Tata Steel records highest ever levels of revenues and Ebitda

The steelmaker's India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha......
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Bhushan Steel lenders blame JSW for using ED probe to delay deal

The lenders of Bhushan Power and Steel have claimed that JSW Steel is using the ongoing investigation by the Enforcement Directorate to delay the impl ...

https://www.thehindubusinessline.com/companies/bhushan-steel-lenders-blame-jsw-for-using-ed-probe-to-delay-deal/article32279283.ece
Former Bhushan Steel CFO's bail plea rejected

Former chief financial officer (CFO) of Bhushan Steel Nitin Johari sought a two-month bail citing co-morbid conditions that posed a grave risk to... ...

https://www.hindustantimes.com/india-news/former-bhushan-steel-cfo-s-bail-plea-rejected/story-jDvL8jkE1XWPMSFuz78kVK.html
Delhi HC to Tihar Jail Officials

Nittin Johri in his petition, has sought two weekly meetings of half an hour each with his lawyers and family via video conference from Central... ...

https://www.news18.com/news/india/allow-bhushan-steel-ex-cfo-2-video-conferences-with-lawyers-delhi-hc-to-tihar-jail-officials-2700165.html
Old legal cases haunt companies acquiring assets under IBC

Two years after it was acquired, the old serious fraud cases of Bhushan Steel Ltd (now Tata Steel BSL) and its subsidiary Angul Energy Ltd, continue t ...

https://www.thehindubusinessline.com/companies/old-legal-cases-haunt-companies-acquiring-assets-under-ibc/article31953166.ece

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