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.