BPSL Committee for the meeting within the next few days to take a decision on the conduct of SC

The COC Committee will meet at Bhushan Power and Steel Ltd (BPSL) in the two days to three days to put the final touches on the case of the case in the wake of the Supreme Court ruling on the JSW Steel decision plan.

“We are in contact with all COC lenders. Within two to three days, we will have a meeting for all lenders,” said Ashok Chandra, Managing Director, Executive Director, National Bank.

COC was led by BPS by State Bank in India and Punjab National Bank and included two other lenders, including Barouda Bank, Indian Bank and Canara Bank. A review can be presented within 30 days of the Supreme Court ruling.

In his speech to a press conference after the results of the fourth quarter of the bank on Wednesday, Chandra said that the lender had received about 3000 rupees from BPSL solution. “As of now, there is no doubt about paying the amount,” he told reporters.

The bank has not taken any ruling on this front so far, although the Supreme Court has ordered the BPSL liquidation and rejected the 19700 Steering Plan JSW.

“Regardless of the required legal path, it will be determined by COC and we will get to the next work path,” said Chandra.

Previously, government sources indicated that Coc of BPS may provide a petition for review at the Supreme Court. JSW Steel can also provide a petition for review on this issue.

In total, banks received rupees in the BPSL solution. PNB is estimated at BPSL with 0.25 % of the total loan book. According to brokerage reports, the State Bank in India received about 3,930 rupees, and PNB received 2,450 rupees and Canara Bank about 1490 rupees from the decision process.

The National Bank of Punjab reported a net profit of 4,567 rupees in the fourth quarter of the fiscal year 25, as it recorded an increase of 51.7 % on a net profit of 3,010 rupees in the fourth quarter of the fiscal year 24. The net interest income increased to 10,757 rupees in the fourth quarter of the fiscal year 25 of 10363 rupees in the fourth quarter of the fiscal year 24.