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Essar Steel India

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ArcelorMittal's Rs 42k cr plan for Essar Steel gets conditional nod

A two-member bench headed by Justice S J Mukhopadhaya said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the......

Ruias' bid to re-take Essar Steel hits NCLT wall

The Essar group hinted at challenging the verdict, citing last week's Supreme Court order that upheld the August 2018 amendment to the IBC law. The National Company Law Tribunal (NCLT) on Tuesday......

SBI to sell Essar Steel's NPAs worth over Rs 15K cr to recover dues

The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite. SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues......

ArcelorMittal wins bid to buy out Essar Steel

The Committee of Creditors have issued ArcelorMittal and its partner Japan's Nippon Steel & Sumitomo Metal Corp a Letter of Intent declaring them as the "successful applicant". The world's largest......

How ArcelorMittal became an eligible bidder for Essar Steel

Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds. ArcelorMittal has......
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Thank RBI’s February 12 order for Jet Airways’ rescue

Indian bankers were never this powerful. State Bank of India (SBI) Chairman Rajnish Kumar on Monday pulled off a miracle that had seemed impossible... ...

https://economictimes.indiatimes.com/markets/stocks/news/thank-rbis-february-12-order-for-jet-airways-rescue/articleshow/68571804.cms
NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds

The NCLAT on Wednesday asked the resolution professional of Essar Steel to call a fresh meeting of CoC to discuss distribution of ₹42,000 crore... ...

https://www.thehindubusinessline.com/companies/nclat-directs-essar-steel-to-call-coc-meeting-to-reconsider-distribution-of-funds/article26590726.ece
ArcelorMittal's Rs 42k cr plan for Essar Steel gets conditional nod

A two-member bench headed by Justice S J Mukhopadhaya said there is no stay on the Resolution Professional of Essar Steel to disburse the funds... ...

http://www.rediff.com/money/report/arcelormittals-plan-for-essar-steel-gets-conditional-nod/20190318.htm
NCLAT blow to Ruias, Essar Steel to go to ArcelorMittal

Mon, Mar 18 2019 07:17:56 PM New Delhi, Mar 18 (IANS): In a big blow to the promoters of debt-ridden Essar Steel, the National Company Law... ...

https://www.daijiworld.com/news/newsDisplay.aspx?newsID=571330
Essar Steel goes to ArcelorMittal

The National Company Law and Appellate Tribunal (NCLAT) has accorded conditional approval to ArcelorMittal’s ₹42,000-crore bid to take over the... ...

https://www.thehindubusinessline.com/companies/nclat-gives-conditional-nod-to-arcelormittals-42k-cr-plan-for-essar-steel/article26568284.ece

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