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BPSL PROMOTERS
JSW Steel's unit plans fundraise via masala bondsJSW Steel's unit, JSW Kalinga Steel, is raising approximately ₹9,500 crore via unsecured, zero-coupon bonds to finance its joint venture wi...- Supreme Court upholds JSW Steel’s Rs 19,700 crore takeover of BPSL, rejects challenges by former promotersThe Supreme Court upheld JSW Steel's ₹19,700-crore resolution plan for Bhushan Power and Steel, affirming the commercial wisdom of the Comm...
- CJI to Form Bench on JSW, lenders’ plea against Bhushan Power liquidationChief Justice of India BR Gavai said he will soon constitute a bench to hear review petitions filed by JSW Steel and lenders of Bhushan Pow...
- SC orders status quo on liquidation of Bhushan Power as JSW Steel seeks to halt proceedingsThe Supreme Court has ordered a status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL) after JSW Steel's plea to halt the proc...
- JSW moves Supreme Court to halt Bhushan Power and Steel Ltd liquidationJSW Steel has appealed to the Supreme Court to halt the liquidation of Bhushan Power and Steel Ltd (BPSL), warning it would be detrimental ...
- JSW Steel seeks refund of Bhushan Power and Steel-linked paymentsJSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follo...
- NCLT gives go ahead for insolvency case against BPSL promotersIn a hearing on Tuesday the Delhi NCLT granted interim moratorium and confirmed Reshma Mittal as resolution professional (RP) in a petition...
- Acquisition of Bhushan Power & Steel: JSW Steel poised to finalise dealA deal may be completed before the end of the current fiscal year, allowing JSW to take over the company while insulating it from any adver...
- BPSL's Sanjay Singal appeals against SBI invocation of personal guarantee, cites Anil Ambani caseIn a notice to Singal dated August 31 SBI had said total loans of Rs 12,276 crore were due to the bank by the company and are now in defaul...
- NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matterA three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 s...
- NCLAT directs ED to file final affidavit in BPSL assets attachment matterA two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of...
- BPSL acquired Rs 27,559-crore assets by diverting loans: EDThe agency has said BPSL acquired land valued at about Rs 361 crore, made addition of buildings valued at Rs 7,473 crore and plant and mach...
- Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecutionThe proposed amendment will help make the insolvency process more attractive for the bidders.
- Just Rs 4,000 crore assets attached so far in Rs 47,000-crore Bhushan fraud, ED tells courtSpecial public prosecutor for ED, Advocate Nitesh Rana told the Court that the agency has attached only Rs 4,000 crores of Bhushan Steel so...
- Bhushan Power and Steel Limited former CMD arrested by Enforcement Directorate“BPSL had devised a peculiar modus operandi to siphon funds obtained as loans from various banks/financial institutions,” the ED said. “Sin...
- Bhushan Power misused bank loans to route funds to promoter cos: EDBPSL had devised a peculiar modus operandi to siphon funds obtained as loans from various banks/financial institutions, said the Enforcemen...
- NCLT approves JSW Steel's Rs 19,700 crore bid for Bhushan Power & SteelNCLT has approved JSW Steel's Rs 19,700 cr resolution plan for debt-ridden Bhushan Power & Steel Ltd.
- High Court asks NCLT to hear out Bhushan Power promotersThe court passed ex-parte orders on April 18 directing the National Company Law tribunal to hear the plea of the BPSL promoters.
- NCLT cannot take decision on bids for Bhushan Steel: SCBoth potential buyers have also offered to invest an additional Rs 7,000 crore in the operations of the company.
- Barings to pick up 20% in Bhushan Power for $33mBarings Asia is close to buying about 20% in the Delhi-based Bhushan Power and Steel (BPSL) for $33m (Rs 152 crore). BPSL, a part of Bhusha...
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