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Saturday, September 13, 2025
TopicBhushan Steel Ltd.

Topic: Bhushan Steel Ltd.

SC ruling on JSW-Bhushan steel is a case of clever lawyering. It’ll hurt investor confidence

Supreme Court verdict is unfortunate, given how few applicants come forward in insolvency cases of this scale—and part of the legislative intention behind the IBC was to rescue businesses.

ED attaches Bhushan Steel’s assets worth Rs 4,000 crore in connection with money laundering case

The probe agency has attached the firm's land, building, plant and machinery located in Odisha under the provision of the Prevention of Money Laundering Act (PMLA).

CBI issues Look Out Circulars for Bhushan steel chairman & wife for cheating on loans

The CBI has been investigating Bhushan Power & Steel Ltd for defaulting on loans worth Rs 2,348 crore between 2007 and 2014.

The RBI’s last attempt to clean up banks puts close to 70 firms on the brink of bankruptcy

The central bank predicts that by March 2019, the country's bad-loan ratio will increase by 0.6 per cent to 12.2. 

Bhushan Steel’s former promoter arrested for siphoning over Rs 2,000 crore

Serious Fraud Investigation Office (SFIO) arrested Neeraj Singal in the national capital and sent him to judicial custody until 14 August.

First big bankruptcy success hands $5.2 billion for Indian banks

Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.

On Camera

The key difference between India and China’s response to Gen-Z protests in Nepal

China is desperate to keep Communist Nepal ally intact. India must worry.

What’s behind bond yields’ logic-defying spike? The market’s concern over the future

While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.

Navy gets first Tata-made Spanish 3D surveillance radar for its warships, 19 more to come

It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.

Punjab is fast becoming the new Northeast. And there’s a message in it for Modi

In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?