NCLT approves JSW Steel’s Rs 19,700 crore bid for Bhushan Power & Steel
NEW DELHI: The National Company Law Tribunal (NCLT) today approved JSW Steel Ltd.’s $2.7 billion (Rs 19,700 cror) bid for Bhushan Power & Steel Ltd., the second major steel asset the mill has bagged under the nation’s new insolvency process. The NCLT approved the offer while stating that profits made by Bhushan Power during the […]
PNB detects Rs 3,800 crore fraud by Bhushan Power & Steel Ltd, reports to RBI
NEW DELHI: Public sector lender Punjab National Bank said on Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI). PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of […]