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NCLAT BHUSHAN STEEL
First ever: ED auctions seized aircraft Hawker 800A in Falcon scamIn a significant move, the Enforcement Directorate has successfully auctioned a Hawker 800A aircraft for Rs 3 crore. This marks the first t...- 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 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 ...
- 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 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.
- NCLAT rejects Tata plea contesting late Liberty bid for Bhushan PowerThe judgment is significant as it clears the air on the controversial issue of the sanctity of belated bids for bankrupt companies.
- 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.
- 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.
- Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations"Today CoC meeting of Bhushan Power & Steel was held .... Surprisingly, sanctity and confidentiality of meeting was breached ... news of de...
- 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.
- NCLAT upholds Bhushan Steel sale to Tata Steel, rejects issues over its ineligibilityThe appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, op...
- 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.
- Bhushan Power rebid process violates NCLAT orders: Tata SteelAccording to the sources privy to the development, Tata Steel in its letter has alleged that the CoC was not following legal process as per...
- NCLAT rejects Liberty House plea to stay resolution process of Bhushan PowerNCLAT today turned down the plea of UK-based Liberty House to stay the resolution process of Bhushan Power and Steel.
- NCLAT asks Tata Steel if it will pay dues of Bhushan SteelBhushan Steel owed its lenders about Rs 56,000 cr and was among the 12 big loan defaulters identified by the RBI to undergo insolvency unde...
- NCLAT asks Bhushan Power & Steel lenders to go ahead with selection of bidsThe appellate tribunal also directed the CoC to keep its decision over the bids in a sealed cover and said it would be subject to its final...
- NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues noticesAn NCLAT bench issued notices to Tata Steel, the resolution professional and Committee of Creditors (CoC) of Bhushan Steel on a petition fi...
- NCLAT to hear Bhushan Steel promoter's plea against Tata Steel takeoverSingal has sought a stay on the National Company Law Tribunal (NCLT) order approving Tata Steel's bid for the debt-ridden Bhushan Steel und...
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