Following the Supreme Court's rejection of JSW's acquisition of Bhushan Power & Steel due to irregularities, lenders, including Punjab National Bank, ...

Punjab National Bank (PNB) reported a 51.7% YoY surge in net profit to ₹4,567 crore for Q4 FY25, exceeding estimates, driven by significantly lower provisions for bad loans and increased other income.

JSW Steel had offered a resolution plan that provided for an upfront amount of Rs 19,350 crore to the financial creditors ...

The Indian Supreme Court’s reversal of a high-profile acquisition under the Insolvency and Bankruptcy Code (IBC) will have ...

A Supreme Court ruling impacts past insolvency resolutions. Some deals, similar to the JSW-Bhushan Power case, face scrutiny.

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be ...

The protesters comprised BPSL employees, contractors, local vendors, and small traders, all concerned about their future as ...

It restores discipline to the insolvency process, sets clear limits on tribunal powers, protects the independence of ...

PNB receives ₹3,000 crore from JSW Steel for BPSL acquisition, plans legal action with lenders, reports profit surge.

Lenders to Bhushan Steel and Power Ltd (BSPL) will in next few days decide on options including seeking a review of the Supreme Court verdict to scrap sale of the company through insolvency process to ...

During the post earnings call, Chandra also mentioned that the bank has received Rs 3,000 crore from the JSW Steel after the ...

The Supreme Court has overturned the sale of Bhushan Steel and Power Ltd to JSW Steel due to legal violations, leaving ...