Page 4 - Bhushan Power & Steel
Corporate resolution: Larsen & Toubro moves NCLT against Bhushan Steel
The move follows Tata Steel's announcement that it emerged as the highest bidder for the Delhi-based steel company, beating Sajjan Jindal-promoted JSW
 "Corporate resolution: Larsen & Toubro moves NCLT against Bhushan Steel")
Liberty House to approach NCLT on Bhushan Power bid rejection by creditors
Bhushan Power and Steel owes about Rs 450 bn to its lenders
 "Liberty House to approach NCLT on Bhushan Power bid rejection by creditors")
Liberty House to approach NCLT on Bhushan Power bid rejection by creditors
Bhushan Power and Steel owes about Rs 450 bn to its lenders
 "Liberty House to approach NCLT on Bhushan Power bid rejection by creditors")
Bhushan Power & Electrosteel get 90-day extension
According to the IBC rules, application for approved resolution plan has to be filed with the NCLT within 180 days, which can be extended by another 90 days
JSW, Tata Steel, Vedanta eye Bhushan Power
Seven entities express interest in firm undergoing insolvency process
 "JSW, Tata Steel, Vedanta eye Bhushan Power")
Now, Bhushan Power goes to NCLT as PNB acts tough
Bhushan Power & Steel today became the sixth amongst the 12 largest indebted companies named by the RBI to face liquidation proceedings, as the lenders led by PNB decided to refer it to NCLT. The proceedings will be carried out against the company under the Insolvency and Bankruptcy Code (IBC). Its parent company, Bhushan Steel, was referred to the tribunal for liquidation yesterday by the lenders led by SBI. The Delhi-based Bhushan Power & Steel, which owes Rs 37,248 crore to a consortium of lenders led by Punjab National Bank, is the sixth out of the 12 large stressed accounts identified by the Reserve Bank earlier this month for referral to the National Company Law Tribunal (NCLT). "Banks at a meeting today decided to refer the case to NCLT for recovery," said a banker. Yesterday, lenders led by SBI had decided to send Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT to initiate insolvency proceedings. While Bhushan Steel is in default of Rs 44,478 crore to .
 "Now, Bhushan Power goes to NCLT as PNB acts tough")
Bhushan Power & Steel wins Netrabandha Pahar iron ore block
BPSL won the block with a quote to share 87.15% of the revenue from mining operations with Odisha
