Bhushan Power And Steel Ltd

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  JSW Steel To Pay Rs 19,700 Crore By March 15 To Acquire Bhushan Power

  Although the National Company Law Tribunal last September approved its resolution plan to take over the insolvent Bhushan Power and Steel, the Enforcement Directorate, which is investigating alleged fraud committed by the debt-laden firm's previous management, had attached the assets of BPSL which, it believed, were bought from proceeds of crime, f...

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  Ex-Bhushan Steel Official Mastermind Of Fraud: Probe Agency Charge Sheet

  The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to alleged bank fraud, saying he was the "mastermind" behind the diversion of loan funds.

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  Court Sends Ex-Bhushan Power And Steel Ltd CMD To Probe Agency's Custody

  A Delhi court has granted seven days of custody of former Bhushan Power and Steel Ltd CMD Sanjay Singal to the Enforcement Directorate (ED) for interrogation in a multi-crore money laundering case linked to an alleged bank loan fraud.

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  Bank Loan Fraud: Ex-Bhushan Power And Steel Ltd CMD Sanjay Singal Arrested

  The Enforcement Directorate on Friday arrested former Bhushan Power and Steel Ltd CMD Sanjay Singal in connection with its probe in a multi-crore money laundering case linked to an alleged bank loan fraud.

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  Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report

  The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power & Steel (Rs 1,550.07 crore) and Essar Steel (Rs 423 crore).

• Fresh Notices to Tata Steel, JSPL, Others Over Coal Allocation

  The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mine development and warned of deduction in their bank guarantees if they failed to furnish replies.

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  Ministerial panel for de-allocation of 26 coal mines: report

  An inter-ministerial panel has recommended the de-allocation of 26 coal mines after it reviewed the progress of 61 blocks.

• Govt deallocates two more coal blocks, one of tourism minister's brother

  The government also decided to deduct bank guarantees of two companies -- Tata Sponge Iron and Bhushan Ltd -- for failure to develop blocks allocated to them in Odisha during the prescribed time frame, an official statement said.

• Govt issues notices to 30 firms for coal block development delay

  Of the 218 blocks allocated, 25 have been taken back by the government.