Tag: IBC

TATA Steel clears Hurdles to Acquire Bhushan Energy as NCLT gives Approval for its Acquisition

May 31, 2019

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by

Aditi Tiwari

in HRC

As per the latest updates, after acquiring Bhushan Steel in May last year, Tata Steel is also set to take control of its subsidiary Bhushan Energy as NCLT (National Company Law Tribunal) on Thursday approved the resolution plan of Tata Steel to acquire debt-ridden Bhushan Energy for around INR 800 crore. Under the resolution plan,…