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The Times of India
The Times of India
Business
PTI

SAT sets aside Sebi's order to impose penalty on Bhushan Steel for disclosure lapses

SEBI Bhushan Steel SAT Securities Appellate Tribunal New Delhi

NEW DELHI: The Securities Appellate Tribunal (SAT) has set aside a Sebi's order to impose a Rs 2 lakh penalty on Bhushan Steel Ltd, now known as Tata Steel BSL Ltd, for disclosure lapses.

Bankruptcy proceedings were initiated against the debt-laden Bhushan Steel Ltd in July 2017. After completing the corporate insolvency resolution process (CIRP), Bhushan Steel was taken over by Tata Steel Ltd in 2018.

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