Business Today

Promoter/group:

Sanjay Singal/Bhushan

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Companies: None Lost control of: Bhushan Power and Steel

Peak revenue: `11,262 crore (March 2014) Current revenue: Nil

Reason for insolvency: Unrealisti­c and costly capacity creation, financial irregulari­ties

Insolvency claims admitted: `57,505 crore for Bhushan Steel, `48,000 crore for Bhushan Power and Steel

Status: JSW Steel acquired Bhushan Power and Steel for `19,350 crore

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