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BHUSHAN STEEL BANKRUPTCY
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.07 Aug, 2018, 02.39 PM IST- Tatas end Bhushan Steel office rental pact with ex-promoterThe move is part of efforts by the new owner to cut costs and turn the asset around.06 Aug, 2018, 09.50 AM IST
- 1st big bankruptcy success hands $5.2 billion to bankersTata Steel bought the insolvent Bhushan Steel and is planning to pay its creditors, but a Bhushan Steel founder has challenged the takeover...21 May, 2018, 06.58 PM IST
- Bhushan Steel takeover to have positive impact on other stressed assets: S&PUnder the Bankruptcy Law, Indian banks have forced a number of defaulted steel mills to bankruptcy court.16 May, 2018, 09.41 PM IST
- Lenders accept Tata Steel bid for Bhushan Power, to hold talksBhushan Power owes about ₹49,200 crore to the lenders.09 Mar, 2018, 08.02 AM IST
- NCLT adjourns hearing on Liberty plea against Bhushan Power RP to ThursdayA creditors' meet scheduled to be held on Tuesday to finalise the winning bidder for the asset has now been postponed indefinitely until a ...05 Mar, 2018, 11.35 PM IST
- Tatas seen edging out JSW in race for Bhushan SteelIt has offered an upfront cash payment of Rs 35,200 crore and 12.2% equity to the lenders. JSW has offered an upfront cash payment of Rs 28...17 Feb, 2018, 10.15 AM IST
- UK-based Liberty House wants to bid for Bhushan Power & SteelThe Liberty bid is likely to value the company higher than the others, which means a smaller haircut for banks, an insolvency and bankruptc...13 Feb, 2018, 11.47 PM IST
- Tata Steel, JSW submit bids for Bhushan Power and SteelArcelorMittal, also initially amongst prospective bidders for the company, withdrew from the bidding process after conducting due diligence...08 Feb, 2018, 06.22 PM IST
- Resolution professional examining bids for Bhushan SteelBhushan said on Thursday that after scrutinising the bids, the RP will call a meeting of the Committee of Creditors (CoC) for its approval.08 Feb, 2018, 04.55 PM IST
- JSW Steel, Tata Steel vie for Bhushan SteelThe three steel majors are believed to have submitted bids for the debt-ridden company; the highest bidder is to be announced on Tuesday.05 Feb, 2018, 10.00 AM IST
- ArcelorMittal, Tata Steel evince interest in Bhushan Steel"Yes! ArcelorMittal is interested in Bhushan Steel," said a person in the know of the matter and refused to elaborate further.16 Nov, 2017, 10.58 PM IST
- Bhushan Steel, Bhushan Power face insolvency actionSince the plea has been admitted by the NCLT, there is a 180-day timeline to decide on a resolution plan in accordance with the Insolvency ...27 Jul, 2017, 12.52 AM IST
- Bhushan Steel, BPSL face bankruptcy proceedingsThe companies have 180 days to come up with a resolution — though they can ask for an additional 90 days in some situations — or face liqui...27 Jul, 2017, 12.49 AM IST
- NCLT reserves order on Bhushan Steel bankruptcy petitionA bench headed by Justice MM Kumar also reserved order on the plea filed by Punjab National Bank (PNB) against Bhushan Steel & Power Ltd.19 Jul, 2017, 02.41 PM IST
- Bhushan Steel falls as NCLT hears firm's bankruptcy petitionsBhushan argued it only received notice from banks on July 11 and hadn't had time to prepare its rebuttal.14 Jul, 2017, 04.17 PM IST
- NCLT gives Bhushan Steel 4 Days to replyBhushan argued it only received notice from banks on July 11 and hadn't had time to prepare its rebuttal.14 Jul, 2017, 09.02 AM IST
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