Bhushan Power & Steel Ltd

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BusinessSep 5, 2019, 5:16 PM IST
JSW Steel's Rs 19,700 crore bid for Bhushan Power and Steel approved by NCLT

The National Company Law Tribunal (NCLT) rejected the objections raised by Tata Steel over the bids submitted by JSW and its erstwhile promoters and approved the JSW Steel's Rs 19,700 crore resolution plan for Bhushan Power & Steel Ltd (BPSL).
IndiaJul 8, 2019, 9:09 AM IST
Punjab National Bank detects Rs 3,800 crore fraud by Bhushan Power and Steel, reports issue to RBI

The state-run PNB has reported a new fraud at a time when it is recovering from a major financial embezzlement of around $2 billion (around Rs 13,000 crore) by diamond merchant Nirav Modi that was reported in February 2018

JSW Steel's Rs 19,700 crore bid for Bhushan Power and Steel approved by NCLT