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Thursday, August 14, 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

Trump is swinging on Russia again. What this means for Europe’s security architecture

The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

15 Vir Chakras awarded for Op Sindoor, 9 go to IAF pilots who struck Pakistani terror camps

For the first time, 2 Agniveers were awarded the Sena Medal for Operation Sindoor roles, among others. A 3rd Agniveer received a Mention in Despatches.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.