Tata Steel will take on board all 5,000 employees of bankrupt Bhushan Steel as part of the resolution plan submitted by it, according to reports. The National Company Law Tribunal has approved Tata Steel's ₹35,200-crore resolution plan for Bhushan Steel, which owes its lenders about ₹56,000 crore. Tata Steel will acquire a 72.65% stake in Bhushan Steel.