Bhushan Power and Steel: Insolvency proceedings

Last Modified: Fri Jul 13 2018 19:16:04 GMT+0530 (India Standard Time)
  • Rs. 48,524 crore
    Amount owed by Bhushan Power and Steel to a consortium of over two dozen banks. Punjab National Bank leads the lenders consortium though state Bank of India has disbursed the largest proportion of loans to the company.
  • 27 Jul 2017
    The National Company Law Tribunal (NCLT) allows bankruptcy proceedings against the company.
  • 3
    Number of companies that are in the fray to buy out Bhushan Steel and Power: Tata Steel, Liberty House and JSW Steel.
  • 11 Jul 2018
    Lenders choose Tata's bid, that offers to pay Rs 17,500 crore upfront, over others.