Bhushan Power

SC junks Bhushan Power lenders' plea seeking share in company's EBITDA

NCLT asks JSW Steel, lenders to present plan to reverse JSW Steel’s Bhushan Power takeover in May 26 hearing

Tribunal asks JSW, lenders to present concrete steps by May 26 to comply with Supreme Court's directions on resolution plan reversal

NCLAT gives approval to JSW Steel to acquire Bhushan Power

A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Stwel will be immuned from the acts done by the former promoters of the Bhushan Power & Steel Ltd.

NCLAT defers hearing on JSW Steel's Bhushan Power buyout till January 31

The appellate tribunal has given around one week more to investigative agencies to file an affidavit clarifying whether prosecution against Bhushan Power and Steel Ltd (BPSL) can be dropped once JSW Steel, the successful bidder, takes over the company.

Policy matter | Profit earned during insolvency is new twist in IBC tale

Profits earned when insolvency proceedings are underway should belong to financial creditors is one view but acquirers will object as this upsets their calculations

Bhushan Power & Steel auction: All eyes now on Oct 22 hearing on Tata Steel petition

Tata Steel had moved NCLAT in April against the decision to consider Liberty House's bid. Separately, JSW Steel's bid got more than 90 percent of the votes of lenders

Bhushan Power lenders allowed JSW to change parameters of bids: Tata Steel

Passing an order on August 6 order, the NCLAT had allowed all three contenders -- Tata Steel, Liberty House and JSW - to file additional unconditional 'resolution plans' by August 13, 2018.

NCLAT asks Bhushan Power creditors to consider Liberty House bid

Tata Steel, a BPSL bidder said to be leading the race, had yesterday moved the plea challenging the NCLT (National Company Law Tribunal) ruling allowing the Committee of Creditors (CoC) to consider the resolution plan submitted by Liberty House.

Bhushan Power resolution plan by month-end, says IRP Khandelwal

Bhushan Power and Steel, which owes about Rs 45,000 crore to lenders, is among the 12 non-performing accounts referred by RBI for NCLT proceedings.

Insolvency: NCLT sends notice to Bhushan Steel, Bhushan Power

The tribunal, which has also jurisdiction in the matters related to insolvency and bankruptcy code, was hearing two petitions filed by lead lenders SBI and PNB.

Nova Iron locked at 5% upper circuit

Nova Iron & Steel touched an intraday high of Rs 14.09 and an intraday low of Rs 13.49. At 09:35 hrs the share was quoting at Rs 14.09, up Rs 0.67, or 4.99%.