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175:(NCLAT) put a stay order, and the Ministry of Corporate Affairs stated in the proceedings that the ED did not have the jurisdiction to attach assets in an insolvency process. The ED is seeking a legal opinion to take the case before the Supreme Court against the order of NCLAT.
183:
The company has a 2.9 million tpa
Integrated Steel and Power Plant in Sambalpur, Orissa comprising 4 DRI Kilns of 500 TPD, 100 MW Power Plant, Coal Washery, CSP Plant, Blast Furnace, Coke Oven Plant, Sinter Plant, Oxygen Plant, Steel Making and Lime & Dolomite Plant.
128:
that is engaged in the manufacturing and marketing of steel products. It was established in 1970. In July 2019, BPSL was allegedly involved in fraud worth ₹3805.15 crore rupees (US$ 535.23 million), as detected by
425:
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679:
342:
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More banks followed suit in revealing financial misdealing. On 6 July 2019, Bhushan Power and Steel
Limited was accused of committing another fraud of ₹3805.15 crore rupees (US$ 535.23 million) from
1142:
149:
in Delhi. The company established its facility in
Chandigarh in 1973 to manufacture Tor steel and wire rod. It has 7 manufacturing facilities in India. The company was promoted by Sanjay Singal.
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322:(US$ 2.3 billion) to the financial creditors of Bhushan Power & Steel as part of a resolution plan for acquiring the company.
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426:"PNB detects Rs 3,805-crore fraud by Bhushan Power & Steel; accuses the firm of misappropriating funds, manipulating books"
233:
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279:), which later turned into non-profitable assets. The case is under investigation by the Central Bureau of Investigation.
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171:(ED) had attached assets worth Rs 4,025 crore of BPSL in October 2019 regarding the ongoing probe. The
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133:. It is one of India's most indebted companies and appears among the 12 companies referred by the
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683:
527:
448:
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875:
445:"Bhushan Power: Tata Steel gives a revised bid for Bhushan Power, lenders to meet on Tuesday"
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994:
880:
466:
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Bhushan Power & Steel was founded in 1970, incorporated in 1973 and registered with the
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642:"Look out circular issued against chief of Bhushan Power & Steel company, his wife"
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81:
623:"ED may move Supreme Court against NCLAT order on Bhushan Power's attached properties"
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1331:
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125:
86:
74:
365:"India's Bad Loans: Here is the list of 12 companies constituting 25% of total NPAs"
1367:
1336:
844:
680:"Bhushan Steel turns into a case bigger than anything Indian courts have ever seen"
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870:
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645:
343:"Around 40 MT new steel capacity to be commissioned in India by FY26: Assocham"
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605:"NCLAT halts Bhushan Power sale to JSW Steel; asks ED to release BSPL assets"
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885:
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57:
561:"NCLT approves JSW Steel's ₹19,700 crore bid for Bhushan Power & Steel"
754:
698:"Allahabad Bank defrauded of Rs 17,775 crore by Bhushan Power & Steel"
719:
272:
734:"JSW Steel Completes BPSL Buy, Gets The Crown In Indian Steel Industry"
276:
268:
260:
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507:
486:
383:"38051500000 INR to USD | Convert Indian Rupees to US Dollars | XE"
979:
785:
63:
38:
839:
161:
137:(RBI) to a bankruptcy court for the purpose of debt resolution.
1187:
758:
716:"Punjab & Sind Bank flags fraud in Bhushan Power account"
408:"PNB plunges over 8% after detection of Rs 3,800 crore fraud"
1183:
463:"Everything You Need To Know About Bhushan Power And Steel"
503:"Steel Tycoon Sanjay Singal Is India's Newest Billionaire"
932:
97:
https://www.jswsteel.in/bhushan-power-steel-limited-works
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52:
44:
34:
26:
358:
356:
243:(US$ 6 billion) from various banks including
587:"ED attaches Rs 4,000 cr assets of Bhushan Steel"
522:Mazumdar, Rakhi; Das, Saikat (13 February 2019).
297:(US$ 213 million) by BPSL. On 16 July 2019,
160:'s offer of Rs. 19,700 crores was approved by
1199:
770:
337:
335:
111:, another company promoted by the same family
8:
21:
1409:Manufacturing companies established in 1970
661:"Indian Bank Defrauded by Another Borrower"
543:"Scam may delay JSW's buy of Bhushan Power"
1225:
1206:
1192:
1184:
1011:
804:
797:
777:
763:
755:
290:disclosed that it had detected a fraud of
152:Bhushan Power & Steel was acquired by
20:
524:"JSW Steel set to acquire Bhushan Power"
236:accused the company of taking a loan of
331:
173:National Company Law Appellate Tribunal
1404:Manufacturing companies based in Delhi
363:Srivastava, Pragya (23 October 2017).
480:Raghunathan, Anuradha (7 June 2010).
308:(US$ 29 million) fraud by BPSL.
118:JSW Bhushan Power & Steel Limited
22:JSW Bhushan Power & Steel Limited
7:
1419:Indian companies established in 1970
14:
1103:Visvesvaraya Iron and Steel Plant
659:Pokharel, Krishna (7 July 2019).
541:Iyengar, Suresh P (8 July 2019).
501:Karmali, Naazneen (13 May 2014).
443:Mehta, Sangita (13 August 2018).
122:Bhushan Power & Steel Limited
1166:
1165:
1148:
1147:
1138:
1137:
1128:
1127:
640:Pandey, Munish (25 April 2019).
678:Rajput, Rashmi (10 July 2019).
234:Central Bureau of Investigation
1:
1266:JSW Vijayanagar Power Station
1153:Automotive companies of India
369:The Financial Express (India)
120:(JSW BPSL) formerly known as
1424:1970 establishments in Delhi
1399:Companies based in New Delhi
1093:Chandrapur Ferro Alloy Plant
1052:ESSAR Steel India Ltd Plants
1271:JSW Ratnagiri Power Station
315:announced that it had paid
1445:
1358:Inspire Institute of Sport
1248:Bhushan Power & Steel
1161:
901:Monnet Ispat & Energy
257:Oriental Bank of Commerce
1394:Steel companies of India
1276:JSW Barmer Power Station
975:Ferro Alloys Corporation
482:"Why Two Bhushan Steels"
107:Not to be confused with
1143:Power stations of India
665:The Wall Street Journal
169:Enforcement Directorate
990:Tube Products of India
913:Jindal Steel and Power
299:Punjab & Sind Bank
147:Registrar of Companies
135:Reserve Bank of India
1057:Hospet Steel Limited
918:Mahindra Ugine Steel
906:Welspun Maxsteel Ltd
284:Punjab National Bank
245:Punjab National Bank
131:Punjab National Bank
16:Indian steel company
1414:Insolvent companies
1291:JSW Infrastructure
1133:Coalfields of India
861:Bramhani Industries
286:. On 13 July 2019,
232:In April 2019, the
156:in September 2019.
23:
1312:JSW MG Motor India
1086:Special/alloy/mini
950:Uttam Galva Steels
933:Prakash Industries
684:The Economic Times
567:. 5 September 2019
528:The Economic Times
449:The Economic Times
347:The Economic Times
311:On 26 March 2021,
199:Alloy Steel Rounds
1381:
1380:
1373:Pretoria Capitals
1320:
1319:
1181:
1180:
1116:
1115:
1098:Salem Steel Plant
1003:
1002:
963:
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788:industry of India
609:Business Standard
591:The Tribune India
301:(PSB) reported a
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101:
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1243:Welspun Maxsteel
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995:Welspun Corp Ltd
881:Jai Balaji group
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467:Business Insider
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1238:JSW Ispat Steel
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896:JSW Ispat Steel
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722:. 17 July 2019.
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704:. 13 July 2019.
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223:Precision Tubes
217:Narrow CR Coils
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1121:Related topics
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1108:Kalyani Steels
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627:Business Today
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469:. 7 July 2019.
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432:. 7 July 2019.
430:Business Today
417:
414:. 8 July 2019.
412:Business Today
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349:. 25 May 2023.
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295:1,774.82 crore
288:Allahabad Bank
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109:Bhushan Steel
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75:Sajjan Jindal
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37:
33:
29:
25:
19:
1368:Bengaluru FC
1337:Parth Jindal
1247:
1170:
890:
741:. Retrieved
738:Moneycontrol
737:
728:
710:
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673:
654:
635:
626:
617:
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581:
569:. Retrieved
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390:. Retrieved
386:
377:
346:
320:19,350 crore
310:
281:
241:47,000 crore
231:
182:
166:
151:
144:
121:
117:
116:
53:Headquarters
27:Company type
18:
1300:Jaigad Port
1071:NMDC Steel
928:POSCO India
871:Essar Steel
702:India Today
646:India Today
228:Fraud cases
211:Sponge Iron
1388:Categories
1307:JSW Cement
1258:JSW Energy
1015:Integrated
985:Tayo Rolls
955:VISA Steel
938:Tata Steel
923:Mukand Ltd
866:ESL Steels
392:19 October
387:www.xe.com
326:References
253:Chandigarh
1429:JSW Group
1230:JSW Steel
1222:Companies
1215:JSW Group
886:JSW Steel
794:Companies
313:JSW Steel
306:238 crore
265:IDBI Bank
249:New Delhi
220:CR Sheets
205:Wire Rods
202:Tor Steel
158:JSW Steel
154:JSW Steel
87:JSW Steel
58:New Delhi
1172:Category
1075:Nagarnar
1045:Rourkela
1035:Durgapur
876:Goel TMT
743:26 March
720:Livemint
571:19 April
565:Livemint
273:UCO Bank
214:CR Coils
208:Pig Iron
188:Products
179:Facility
35:Industry
854:Private
277:Kolkata
269:Kolkata
261:Kolkata
193:HR Coil
141:History
93:Website
45:Founded
30:Private
1351:Sports
1325:People
1030:Bokaro
1025:Bhilai
1008:Plants
968:Allied
508:Forbes
487:Forbes
271:) and
82:Parent
1285:Other
1061:RINL
1040:IISCO
1021:SAIL
980:NSPCL
830:MECON
825:KIOCL
801:Steel
786:Steel
124:is a
71:Owner
64:India
39:Steel
891:BPSL
845:MSTC
840:MOIL
835:NMDC
820:SAIL
815:RINL
808:PSUs
745:2021
573:2020
394:2019
251:and
167:The
162:NCLT
48:1970
263:),
255:),
1390::
736:.
718:.
700:.
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663:.
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607:.
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563:.
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355:^
345:.
334:^
164:.
61:,
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778:e
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686:.
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648:.
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593:.
575:.
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530:.
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451:.
396:.
371:.
318:₹
304:₹
293:₹
275:(
267:(
259:(
247:(
239:₹
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