Title | Bhushan Power lenders in SC seek interest for delayed plan implementation |
URL | https://informistmedia.com/MoneyWire/33806/Resolution-Plan-Bhushan-Power-lenders-in-SC-seek-interest-for-delayed-plan-implementation |
Category | Finance and Money --> Financing |
Meta Keywords | SC, SUPREME COURT, TAXES , BHUSHAN POWER, STEEL |
Meta Description | The lenders of debt-ridden Bhushan Power & Steel Ltd. said in the Supreme Court Thursday |
Owner | ankita shinde |
Description |
The lenders of debt-ridden Bhushan Power & Steel Ltd. said in the Supreme Court Thursday that they should be paid interest by the successful resolution applicant JSW Steel Ltd. for the period of delay in implementation of the resolution plan. Further, the lenders argued that earnings before interest, taxes, depreciation, and amortisation generated during the insolvency process of Bhushan Power must flow to the creditors. |