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NCLT gives nod to Tata Steel bid for Bhushan Steel

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(G.N.S) DT.15 New Delhi The Committee of Creditors (CoC) had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel. The National Company Law Tribunal (NCLT) on Tuesday approved Tata Steel Ltd’s resolution plan for debt ridden Bhushan Steel Ltd under the Insolvency and Bankruptcy Code (IBC). Bhushan Steel’s admitted financial debt stood at Rs 56,051.16 crore as on 1 February 2018,

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