Searched for
ESSAR COMMITTEE OF CREDITORS
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- Look forward to close Essar Steel acquisition soon: ArcelorMittalThe verdict came on a plea of the committee of creditors challenging NCLAT's order of July 4, in which it had approved steel tycoon Lakshmi...
- Proposed insolvency law amendments credit positive for banks: Moody'sThe proposed amendments aim to improve the code's effectiveness, said Moody's.
- ET Explains: All about Essar Steel case and the latest twist in the taleThe company had been put on the block under IBC to recover over Rs 54,547 crore of unpaid dues.
- Distribution of final proceeds after IBC resolution to be decided by judiciaryDistribution of proceeds under resolution plans has become a major sticking point in the insolvency proceedings of Essar Steel.
- Rs 42,000 crore payout: NCLAT asks Essar CoC to keep operational creditors in mindNCLAT cited data provided by the IBBI that shows both financial and operational creditors have recovered around 48% of their claims.
- Essar Steel CoC meets over distribution of Rs 42,000 cr, NCLAT to wait for the outcomeDuring the proceedings of the appellate tribunal, the counsel informed the bench that meeting was underway in accordance with the NCLAT ord...
- NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of fundsArcelorMittal's resolution proposal provides financial creditors Rs 41,987 crore out of their total dues of Rs 49,395 crore.
- Essar Steel inching towards resolutionNCLAT gives conditional nod to ArcelorMittal’s resolution plan, to rule on fund disbursal later.
- NCLAT allows implementation of ArcelorMittal's resolution plan for Essar SteelEssar had challenged NCLT nod to ArcelorMittal's bid for the debt-laden company.
- NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seek fresh distribution plan for bid amtEssar Steel directors had claimed that their offer of Rs 54,389-crore was superior as it clears 100 per cent outstanding of both financial ...
- SC rejects petition by Essar Steel’s operational creditorsThe view taken by NCLT on the Ruia bid will be crucial in the final decision of the court.
- ArcelorMittal moves NCLAT to speed up Essar hearingIf the National Company Law Tribunal (NCLT) fails to do so, the NCLAT said, it will call the matter and pass an order on the next hearing o...
- Essar Steel says its Rs 54,389 crore offer superior to ArcelorMittal proposalArcelorMittal had offered to pay creditors Rs 42,000 crore to takeover Essar Steel.
- NCLAT orders Ahmedabad court to expedite Essar Steel caseThe case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Insolvency and Ban...
- Essar Steel insolvency case: Creditors knock NCLAT door to expediteThe case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Bankruptcy Code is...
- NCLT defers Essar Steel hearing to December 10The court was supposed to hear as many as 21 applications related Essar Steel resolution on Wednesday.
- Standard Chartered Bank challenges Essar Steel's resolution planThe bank in its application alleged that the resolution plan did not comply with the Insolvency Code.
- Gail & Getco oppose sale of Essar Steel to ArcelorMittalLast month, the CoC of Essar Steel had picked ArcelorMittal's proposal for Essar Steel. Under the plan, financial creditors stand to get Rs...
- Essar Steel seeks withdrawal from IBC process, offers Rs 54,389 cr to all creditorsThe plan includes cash payment of Rs 47,507 cr to all creditors, including Rs 45,559 cr to financial creditors.
Load More
