Insolvency proceedings: Banks drag Bhushan Steel, Bhushan Power to NCLT over Rs 80,000 cr loans

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Bhushan Steel and sister concern Bhushan Power have become the latest among the 12 top corporate loan defaulters identified by the Reserve Bank of India to be dragged to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. While Bhushan Steel – which has a liability of Rs 43,000 crore…

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