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NCLAT JSW STEEL
ED moves SC to challenge NCLAT's power to lift attachment order against Bhushan PowerThe central agency’s move comes after BPSL’s committee of creditors (CoC) asked JSW Steel to implement the resolution plan it had proposed ...- Former Bhushan Power MD challenges JSW Steel deal in SCSingal has filed a special leave petition before the top court contenting that the National Company Law Appellate Tribunal (NCLAT) has erro...
- NCLAT gives approval to JSW Steel to acquire Bhushan PowerA two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immune from the acts done by the former promote...
- 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 seeks clarity from govt, agencies on JSW Steel immunityED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a ...
- JSW’s plea upheld against order on Vardhman Industries“The company had preferred an appeal before NCLAT challenging certain portions of NCLT orders, and the judgment on the same has been pronou...
- 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...
- NCLAT can’t free assets attached under PMLA: EDDefending its decision to attach the assets of bankrupt steel mill Bhushan Power and Steel, the ED said insolvency courts don't have the ju...
- NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW SteelNCLAT says agency’s move to seize properties without any jurisdiction undermines IBC.
- NCLAT to hear probe agencies over JSW Steel's plea on Bhushan PowerUnder the insolvency proceedings, JSW Steel has emerged as the winning bidder for Bhushan Power & Steel.
- Not backing out from buying Bhushan Power, but anxious about alleged fraud reports: JSW tells NCLTPNB reported a fraud worth Rs 3,805.15 crore by BPSL by misappropriating bank funds and manipulating its books of accounts.
- NCLAT directs NCLT to decide on JSW's bid for Bhushan Power & Steel by Mar 31"We expect NCLT to decide the case at an early date to ensure that the matter is decided before the end of this financial year," NCLAT said.
- JSW to raise Rs 3,500 crore to fund BPSL buyIf the bond sale were to go through, it would be JSW Steel’s first domestic issuance after a gap of four years.
- The auction process for debt ridden Bhushan Power has been compromised: Tata SteelLiberty House entered the fray and put a bid for Rs 18,000 crore. Even as the Tatas challenged it, JSW Steel jumped back into the fray with...
- Lenders to vote on JSW’s new offerJSW had initially offered upfront payments of Rs 11,500 crore to BPSL’s lenders against Tata Steel’s offer of Rs 17,000 crore.
- SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar Steel auctionThe apex court refused urgent hearing for ArcelorMittal's plea for payment of Rs 7,000 crore by today for its second bid to become eligible.
- Bhushan Power lenders allowed JSW Steel to change parameters of bids: Tata SteelThe tribunal, had on July 20, given a go-ahead to the CoC meeting, directing it to finalise a bid for the company.
- JSW Steel Offers Rs 19,500 crore for Bhushan Power & Steel"The CoC is at present evaluating the three bids and will inform its decision to the NCLAT on August 17," said the source.
- Tata Steel gives a revised bid for Bhushan Power, lenders to meet on TuesdayIt is not known how much Tata's have offered in the revised bid. They had earlier offered Rs 17000 crore to lenders.
- Deadline for Bhushan Power bids extendedIn the first round of bidding, which closed on February 8, Tata Steel had offered Rs 17,000 crore and JSW Steel offered Rs 11,000 crore.
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