The company had been put on the block under IBC to recover over Rs 54,547 crore of unpaid dues.

Distribution of proceeds under resolution plans has become a major sticking point in the insolvency proceedings of Essar Steel.

NCLAT cited data provided by the IBBI that shows both financial and operational creditors have recovered around 48% of their claims.

During the proceedings of the appellate tribunal, the counsel informed the bench that meeting was underway in accordance with the NCLAT ord...

ArcelorMittal's resolution proposal provides financial creditors Rs 41,987 crore out of their total dues of Rs 49,395 crore.

NCLAT gives conditional nod to ArcelorMittal’s resolution plan, to rule on fund disbursal later.

Essar had challenged NCLT nod to ArcelorMittal's bid for the debt-laden company.

Essar Steel directors had claimed that their offer of Rs 54,389-crore was superior as it clears 100 per cent outstanding of both financial ...

The view taken by NCLT on the Ruia bid will be crucial in the final decision of the court.

If 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...

ArcelorMittal had offered to pay creditors Rs 42,000 crore to takeover Essar Steel.

The case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Insolvency and Ban...

The case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Bankruptcy Code is...

The court was supposed to hear as many as 21 applications related Essar Steel resolution on Wednesday.

The bank in its application alleged that the resolution plan did not comply with the Insolvency Code.

Last month, the CoC of Essar Steel had picked ArcelorMittal's proposal for Essar Steel. Under the plan, financial creditors stand to get Rs...

The plan includes cash payment of Rs 47,507 cr to all creditors, including Rs 45,559 cr to financial creditors.