JSW Steel tells NCLT it's 'anxious' about BPSL fraud reports

JSW Steel on Monday informed the National Company Law Tribunal (NCLT) that it was "anxious" about the reports of alleged fraud at bankrupt Bhushan Power & Steel (BPSL). However, it added it wasn't backing out of BPSL's ongoing insolvency resolution process. Allahabad Bank and Punjab National Bank recently reported alleged frauds of ₹1,775 crore and ₹3,805 crore respectively by BPSL.