Tag: Insolvency case
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JSW Steel to takeover Bhushan Power and Steel after NCLAT’s Recent Decision?
As per the latest updates on Bhushan Steel and Power Ltd’s (BPSL) insolvency case, the NCLAT (National Company Law Appellate Tribunal) has ruled against Tata Steel’s plea to dismiss rival bids for BPSL boosting JSW Steel Ltd’s offer to buy the indebted steel maker. On Monday, NCLAT ruled that the Tata’s plea was “premature” and…