23
Jun
15:21
Lenders begin insolvency proceedings for Bhushan Steel
Indian cold-rolled specialist Bhushan Steel has confirmed to the stock exchange in India that it has been referred to the Indian National Company Law Tribunal (INTC) under the insolvency and bankruptcy code.
This follows a meeting of lenders on 22 June in Mumbai who subsequently authorised the State Bank of India to refer the steelmaker to the INTC, Bhushan confirms in the statement. As per the company’s apparent modus operandi with regard to news dissemin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous