JSW Metal awaits destiny of Bhushan Energy acquisition as SC adjourns listening to

2020/09 30 13:09

Since JSW was named the best bidder final yr, it has been a protracted anticipate Jindal as a consequence of a spate of investigations by ED and a number of adjournments in last listening to on the Supreme Court docket

Matters
JSW metal | Bhushan Energy | Bhushan Energy and Metal



Dev Chatterjee  | 
Mumbai 

Precisely a yr in the past, Sajjan Jindal-owned JSW Metal’s decision plan for Bhushan Energy and Metal Ltd (BPSL) was authorized by the Nationwide Firm Legislation Tribunal (NCLT) and the Indian lenders heaved a sigh of aid as that they had been ready since July 2017 to resolve the Rs 48,00zero crore of debt taken by the corporate.

Because the Supreme Court docket adjourned the ultimate listening to on JSW’s acquisition once more as we speak, the lenders’ wait simply bought longer. The corporate was within the first listing of the Reserve Financial institution of India (RBI) that was despatched for debt decision underneath the Insolvency and Chapter Code, …




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First Revealed: Wed, September 30 2020. 19:04 IST




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