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.
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.