TheNewsClues
Clues by Admin • 23 Aug 2018, Thursday
Indian community workplace discussion app Hush has raised an undisclosed amount as part of its first external round of investment. The seed round was led by early-stage venture capital firm Accel along with participation from Sanjay Nadkarni (country manager at ... Continue Reading
Read More at The Economic Times
Clues by Admin • 17 Aug 2018, Friday
JSW Steel Ltd has submitted a resolution plan of Rs 19,700 crore to the committee of creditors (CoC) of debt-laden Bhushan Power and Steel Ltd (BPSL), sources said. Besides JSW Steel Ltd, Tata Steel Ltd and Liberty House have also submitted ... Continue Reading
Read More at Livemint
Clues by Admin • 6 Aug 2018, Monday
The NCLAT extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel. Modifying its earlier order, NCLAT has now said that all three bidders -- Tata Steel, ... Continue Reading
Read More at The Economic Times
Clues by Admin • 31 May 2018, Thursday
The company law appellate tribunal NCLAT today asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it had acquired in the insolvency proceedings earlier this month. The NCLAT asked ... Continue Reading
Read More at The Financial Express
Clues by Admin • 30 May 2018, Wednesday
The government is expecting the state-run banks to trim their bad loans by as much as Rs 3 lakh crore this financial year, mostly through debt resolution plans under the Insolvency and Bankruptcy Code (IBC). It is hopeful that public sector ... Continue Reading
Read More at The Economic Times
Clues by Admin • 26 May 2018, Saturday
As per a BSE filing, infrastructure lender IFCI has recovered Rs 280.30 crore from its claim as a financial creditor to Bhushan Steel (BSL) under the insolvency resolution process. Further, as part of the resolution plan (RP), IFCI has also been ... Continue Reading
Read More at The Economic Times
Clues by Admin • 25 May 2018, Friday
The National Company Law Appellate Tribunal (NCLAT) on Thursday refused to entertain a second round of bidding for the debt-laden Bhushan Power and Steel Ltd (BPSL), following a “suggestion” by the committee of creditors (CoC). Tata Steel had ... Continue Reading
Read More at Livemint
Clues by Admin • 24 May 2018, Thursday
Bhushan Steel, which has been acquired by Tata Steel under the insolvency process, has sought 90 days extension to file its audited financial results for the quarter and year ended March 31, 2018. Bhushan Steel said since the new management and directors have ... Continue Reading
Read More at Business Today
Clues by Admin • 23 May 2018, Wednesday
Yes Bank has recovered Rs 184 crore against an  original claim filed for Rs 325 crore after the sale of Bhushan Steel to Tata Steel under the insolvency resolution process. Yes Bank said that with this recovery, it now has ... Continue Reading
Read More at The Economic Times
Clues by Admin • 22 May 2018, Tuesday
Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL). The remaining amount will be raised through internal resources, it said. Tata Steel acquired a controlling equity stake ... Continue Reading
Read More at The Financial Express
12


©2018 TheNewsClues