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Bhushan Steel owed Rs 59,000 crore to the creditors. #NCLAT
NCLAT dismisses Neeraj Singal's plea against sale of Bhushan Steel's shares to Tata Steel. Take a look @abhhimanyus @TataSteelLtd @TataCompanies #NCLT #NeerajSingal #plea #StocksToWatch #BhushanSteel
Enforcement Directorate (ED) says it has provisionally attached assets worth Rs 61.38 crores in its ongoing investigations regarding siphoning of public funds from Bhushan Steel Limited (BSL), Bhushan Energy Limited (BEL) and others
Enforcement Directorate has attached assets worth Rs 61.38 crores of erstwhile promoters of Bhushan Steel Limited (BSL) in connection with a money laundering probe, the agency said.
ED has provisionally attached immovable properties worth Rs.61.38 Crore of associate entities under the control of erstwhile promoters of Bhushan Steel Limited (BSL), under PMLA, 2002 in its ongoing investigations regarding siphoning of huge public funds from BSL, BEL and others.
Tata Steel says the composite scheme of amalgamation of Bamnipal Steel & Tata Steel BSL (formerly Bhushan Steel) into & with Tata Steel has been APPROVED by the #NCLT
Bhushan Steel case: Rs 191 crore bungalow in Mumbai's Worli attached
Ms. Sitharaman said, "In 2018-19, a record amount was recovered, including those loans that were written off. This includes Rs. 99,996 crore recovered only from written off assets such as Bhushan Steel, Essar Steel, etc. | via @tragicosmicomic
Tata Steel is likely to prepay up to ₹4,700-crore loans taken for acquisitions of Bhushan Steel and Usha Martin as the metal maker aims at making these two companies’ debt free in the next two quarters.
Reports @EconomicTimes Tata Steel may repay 4700 cr of loans taken for bhushan steel and Usha Martin buyouts.
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