26
Jul
21:01
Bhushan Steel begins bankruptcy resolution process
India’s Bhushan Steel has confirmed that it has officially entered into a corporate insolvency resolution process. The automotive steel producer was referred to the scheme by its lenders, led by the State Bank of India, following a meeting of the group last month about defaulted loan repayments (see Kallanish 26 June).
Bhushan has been admitted to the process under section 7 of the Indian Insolvency and Bankruptcy Code 2016 (IBC). The National Company…
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Anonymous
Very good overview of the weekly steel market.
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