Jul 13, 2020-Monday

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Monday, Jul 13, 2020
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Essar steel

May 20, 2020 18:42
Instead of a blanket suspension, it went for a calibrated suspension. It will help India gain over other jurisdictions read more
Jan 01, 2020 08:45
Despite the bleak indicators, there were 10 positive developments, giving hope for the future read more
Nov 19, 2019 16:03
The Supreme Court of India on Friday cleared the path for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, and the judgment comes as a big reprieve for banks which are struggling with bad loans worth $140 billion. read more
Nov 18, 2019 10:36
The Supreme Court on Friday cleared the path for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, and the judgment comes as a big reprieve for banks which are struggling with bad loans worth $140 billion. read more
Nov 15, 2019 13:14
Banks had moved to the Supreme Court earlier this year after an appellate court judgment put the claims of Essar’s operational creditors on a par with those of its lenders. read more
Jul 22, 2019 18:25
The Supreme Court bench was hearing a plea by CoC of Essar Steel challenging NCLAT’s July 4 order which approved steel tycoon Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore bid for acquiring the debt-laden firm. read more
Mar 08, 2019 18:51
ArcelorMittal, which has been engaged in a drawn-out attempt to acquire Essar Steel since 2017, had made a 420 billion rupee ($5.99 billion) bid for the bankrupt Indian steelmaker. read more
Jan 25, 2019 11:43
The Supreme Court upheld a law that bars founders of loan-defaulting companies from buying back stressed assets put up for sale. read more
Oct 26, 2018 18:49
ArcelorMittal intends to raise Essar Steel’s finished steel shipments to 8.5 million tonnes over the medium-term by completing the ongoing capital expenditure project and infusing expertise. read more
Oct 25, 2018 23:06
The Ruia family has made a last-ditch effort to avert losing its flagship company Essar Steel Ltd to Lakshmi Mittal’s ArcelorMittal SA. read more
May 29, 2018 14:37
Russia’s VTB Capital-based NuMetal and ArcelorMittal are vying for Essar Steel, which operates a 10-million-tonne-a-year steel plant with about 11,000 employees. read more
Apr 27, 2018 12:37
In the petition, NuMetal said the Ahmedabad-bench of NCLT had disqualified ArcelorMittal India Ltd from bidding to acquire Essar Steel, on grounds that it was a promoter company of firms that had defaulted on payment of bank loans. read more
Apr 25, 2018 12:37
A new law on insolvency and resolution process has facilitated this transfer of ownership and operational management. read more
Apr 04, 2018 13:12
ArcelorMittal will question the eligibility of the VTB-led Numetal Ltd. group to bid for Essar Steel on the basis that a company controlled by the family of the founder of the insolvent entity was part of the consortium during an initial round of bi... read more
Apr 02, 2018 18:29
In the second round of bidding, JSW has joined hands with the Mauritius-based investment vehicle Numetal for placing its offer. read more