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  Former Bhushan Steel CMD Sanjay Singhal to be grilled by ED for 7 days

  India | November 23, 2019 20:18 IST

  A 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 | October 23, 2019 23:22 IST

  The 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 | July 13, 2019 19:11 IST

    The 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 | September 04, 2018 13:26 IST

  The 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 | August 29, 2018 13:03 IST

  Singhal 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 | August 10, 2018 12:44 IST

  The 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 8:59 IST

    Bhushan 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 22:39 IST

  Bamnipal 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 | March 23, 2018 23:51 IST

  Tata 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 | March 08, 2018 12:11 IST

  Tata 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 | February 22, 2018 9:57 IST

  Liberty 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 | February 20, 2018 6:37 IST

  Bhushan 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 | October 23, 2017 13:18 IST

  With 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

  July 13, 2017 16:51 IST

  While 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

  August 09, 2014 17:11 IST

  Mumbai: 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

  August 08, 2014 20:33 IST

  Mumbai: 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

  November 18, 2013 21:11 IST

  New 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 | November 15, 2013 20:08 IST

  Bhubaneswar: 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

  January 20, 2013 9:13 IST

  New 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