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Thursday, October 23, 2025
TopicBhushan Steel Ltd.

Topic: Bhushan Steel Ltd.

Why SC overturned its earlier order, upheld JSW’s takeover plan for Bhushan Power & Steel

SC bench was examining review pleas that questioned its May order to liquidate the company; says JSW turned Bhushan Power from a loss-making to a profit-making entity.

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

Pakistan can’t bend Taliban with bombs. It must stop the Yemen-isation of Durand Line

This confrontation looks subcontracted—escalation to re-establish Pakistan's indispensability to outside capitals while squeezing Afghanistan back under an old paradigm.

Boom to bust: Haunted by Ketan Parekh saga, 117-yr-old Calcutta Stock Exchange’s future lies in limbo

CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001. 

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

CJI, IPS, IAS & Homebound: A wake-up call 75 years in the making

Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.