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What will be the outcome of Bhushan Steel's corporate restructuring due to the fraud case by June 30, 2025?
3
Resolution / Starting Odds
Successful restructuring • 25%
Partial restructuring • 25%
No restructuring • 25%
Company bankruptcy • 25%
Company press releases, financial news reports
Story
Supreme Court Grants Bail to Bhushan Steel's Ex-MD Neeraj Singal in ₹46,000 Crore Fraud Case
Sep 6, 2024, 08:20 AM
The Supreme Court of India has granted bail to Neeraj Singal, the former promoter and ex-MD of Bhushan Steel, in connection with a ₹46,000 crore fraud and money laundering case. The court emphasized the importance of liberty and noted that it must lean in favor of bail if the trial does not commence promptly. The case involves significant economic offences, and the Supreme Court has cautioned about the impact of such scams.
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Plea accepted and reclassification ordered • 25%
Plea accepted but no reclassification • 25%
Plea rejected • 25%
Case unresolved by deadline • 25%
Insolvency proceedings continue • 25%
Insolvency proceedings quashed • 25%
Settlement reached with lenders • 25%
Byju's files for bankruptcy • 25%
Successful appeal at NCLAT • 25%
Out-of-court settlement with BCCI • 25%
Bankruptcy proceedings continue • 25%
Other • 25%
Convicted • 25%
Acquitted • 25%
Case Dismissed • 25%
Ongoing • 25%
Operational Creditor • 25%
Financial Creditor • 25%
Both classifications • 25%
Other classification • 25%
Fully resolved with creditor payments • 25%
Partially resolved with ongoing disputes • 25%
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Proceedings extended beyond deadline • 25%
Charges filed against multiple individuals • 25%
Settlement reached • 25%
No charges filed • 25%
Case dismissed • 25%
Successful appeal • 25%
Company restructured • 25%
Company liquidated • 25%
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Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Withdrawn by Nippon Steel • 25%
Yes • 50%
No • 50%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Withdrawn • 25%
Approved • 25%
Blocked by CFIUS • 25%
Withdrawn by Nippon Steel • 25%
Other outcome • 25%