Tag: Acquisition
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Why NCLT’s Approval of Tata Steel’s Resolution Plan for Bhushan Steel Clear all its Acquisition Hurdles?
As per the market reports, NCLT (National Company Law Tribunal) has finally given its approval for Tata Steel’s resolution plan of acquiring debt-ridden Bhushan Steel under the Insolvency and Bankruptcy Code (IBC). Bhushan Steel was identified as one of the 12 NPAs (non-performing assets) by RBI (Reserve Bank of India) in June last year and…