Bhushan Steel
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Former Bhushan Steel CMD Sanjay Singhal to be grilled by ED for 7 days
India | Nov 23, 2019, 08:18 PM ISTA special court here on Saturday sent former Bhushan Steel CMD Sanjay Singal to seven days Enforcement Directorate (ED) remand in a money laundering case.
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Mirchi probe: ED summons ex-promoter of Bhushan Steel
India | Oct 23, 2019, 11:22 PM ISTThe Enforcement Directorate's (ED) probe into property deals related to Iqbal Mirchi, fugitive don Dawood Ibrahim Kaskar's close aide, has started revealing corporate connections with the agency summoning former promoter of Bhushan Steel over Rs 19 crore transaction.
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Allahabad Bank defrauded of Rs 17,775 cr by Bhushan Power & Steel
Business | Jul 13, 2019, 07:11 PM ISTThe bank said in a regulatory filing that "on the basis of forensic audit investigation findings and CBI filing FIR, on suo moto basis, against the Company and its Directors, alleging diversion of funds from banking system by the Bank's borrower namely Bhushan Power & Steel Ltd (BPSL), a fraud of Rs 1,774.82 core has been reported by the Bank to the Reserve Bank of India".
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Supreme Court extends interim bail of former Bhushan Steel promoter Neeraj Singal
India | Sep 04, 2018, 01:26 PM ISTThe high court had imposed conditions on Singal’s bail and on August 29 had said that “he shall not be compelled by the SFIO to sign his statement under Section 217 (4) read with Section 217 (7) of the Companies Act."
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Delhi High Court grants interim relief to Bhushan Steel ex-promotor Neeraj Singhal
India | Aug 29, 2018, 01:03 PM ISTSinghal was arrested on August 8, for allegedly siphoning off Rs 20 billion funds by directing his release on bail.
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Bhushan Steel's former promoter Neeraj Singal arrested for siphoning off funds over Rs 2,000 crore
Business | Aug 10, 2018, 12:44 PM ISTThe Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel's former promoter Neeraj Singal for allegedly siphoning off funds worth over Rs 2,000 crore.
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Tata group completes acquisition of debt-ridden Bhushan Steel
Business | May 19, 2018, 08:59 AM ISTBhushan Steel is the first to emerge successfully from insolvency and bankruptcy process among the initial dozen big defaulters under a law enacted for quick recovery and settlement of assets.
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Acquisition of Bhushan Steel by Tatas historic breakthrough: Piyush Goyal
India | May 18, 2018, 10:39 PM ISTBamnipal Steel Ltd (BNPL), a wholly-owned subsidiary of Tata Steel, has successfully completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore.
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Tata Steel offers $5.4 billion to take over bankrupt Bhushan Steel: Report
Business | Mar 23, 2018, 11:51 PM ISTTata Steel on Friday said it has been declared the successful "resolution applicant" by the Committee of Creditors (CoC) of Bhushan Steel Ltd (BSL).
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Tata Steel bags Bhushan Steel in NCLT auction
Business | Mar 08, 2018, 12:11 PM ISTTata Steel won with a bid of Rs 35,000 crore, with JSW Steel finishing second with a bid of Rs 29,700 crore.
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Creditors reject Liberty House bid for Bhushan Power and Steel
Business | Feb 22, 2018, 09:57 AM ISTLiberty House had submitted the bid on Tuesday, he said. In Wednesday’s COC meeting the bids of Tata Steel and JSW Steel were disclosed and now the process as well as legal advisors evaluate them.
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Tata Steel, JSW Living bid for debt-ridden Bhushan Steel
Business | Feb 20, 2018, 06:37 AM ISTBhushan Steel, one of the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings, owes Rs 56,000 crore to its financial creditors.
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Bhushan Steel shares rally 20 per cent on buzz over acquisition by ArcelorMittal
Business | Oct 23, 2017, 01:18 PM ISTWith loan defaults totalling over Rs 44,000 crore, Bhushan Steel was admitted under NCLT for insolvency proceedings in July this year.
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Insolvency proceedings: Banks drag Bhushan Steel, Bhushan Power to NCLT over Rs 80,000 cr loans
Jul 13, 2017, 04:51 PM ISTWhile Bhushan Steel has a combined liability of Rs 43,000 crore to 20 banks, Bhushan Power owes Rs 37,000 crore to a consortium of banks
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SBI wants external agency to run Bhushan Steel
Aug 09, 2014, 05:11 PM ISTMumbai: A day after the arrest of Bhushan Steel vice chairman Neeraj Singal in the cash-for-loan case at Syndicate Bank, State Bank of India (SBI) - a big lender to the firm - on Friday
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Bhushan Steel shares sink 10% ; hit lower circuit limit
Aug 08, 2014, 08:33 PM ISTMumbai: Shares of Bhushan Steel today slumped 10 per cent, extending its downtrend for the third consecutive day, after the CBI arrested Neeraj Singal, Vice-Chairman and Managing Director of the company, in connection with Rs
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Bhushan Steel in Odisha violating safety, labour laws: Jena
Nov 18, 2013, 09:11 PM ISTNew Delhi: Bhushan Steel, which operates a plant in Odisha where a fire broke out last week killing one person and injuring 15, was today accused by Union Minister and Congress leader Srikant Kumar Jena
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Odisha seeks report on blast furnace no1 of Bhusan Steel
India | Nov 15, 2013, 08:08 PM ISTBhubaneswar: The Odisha government today sought a report on the condition of the blast furnace number-1 of Bhushan Steel Limited after one person was killed and 19 others injured on November 13 in an explosion
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Bhushan Steel Q3 net down 20% at Rs 221 cr
Jan 20, 2013, 09:13 AM ISTNew Delhi, Jan 19: Bhushan Steel has reported 20 per cent decline in net profit at Rs 221.20 crore for the quarter ended December 31, 2012 largely due to subdued sales growth and rise in