 "NCLT approves JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel")
The National Company Law Appellate Tribunal (NCLAT) agreed to hear JSW Steel’s plea seeking immunity from criminal proceedings in the ongoing fraud investigation against Bhushan Power & Steel (BPSL).
A three-member Bench of the NCLAT, headed by Chairperson Justice S J Mukhopadhaya, sought the Central Bureau of Investigation (CBI), Enforcement Directorate (ED), and the Ministry of Corporate Affairs’ (MCA), and the Serious Fraud Investigation Office (SFIO)’s responses. The case will be next heard on October 14.
JSW Steel, whose Rs 19,350-crore bid for BPSL, had been approved by the principal Bench of the National Company Law Tribunal (NCLT), was forced
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