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ESSAR STEEL BID
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...- SBI-led banks seek bids for Essar Group promoter guaranteesThe reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capi...
- JSW Steel seeking legal opinion if can bid solo for Essar Steel: OfficialJSW Steel had teamed up with NuMetal to place a Rs 37,000-crore offer for Essar Steel in the second round of bidding.
- Numetal, ArcelorMittal fight in Supreme Court over Essar Steel bidArcelorMittal exited the companies shortly before bidding for Essar Steel to become eligible under the law, Rohatgi told a two-judge bench ...
- Essar Steel bid: ArcelorMittal targets Vedanta for environment, human rights violationsAfter targeting Russia's VTB Group-backed Numetal, ArcelorMittal has now targetted Vedanta Ltd - the third bidder in the race to acquire de...
- SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar Steel auctionThe apex court refused urgent hearing for ArcelorMittal's plea for payment of Rs 7,000 crore by today for its second bid to become eligible.
- NCLAT reserves order on Numetal and ArcelorMittal pleas over Essar Steel bidsArcelorMittal's first bid was rejected because of its holding in loan defaulting companies, Uttam Galva Steel and KSS Petron.
- Numetal to go with the original Essar Steel bidIndustry experts were divided on whether Arcelor’s ‘disability’ was based on the status of its declassification as promoter of Uttam Galva ...
- NCLT defers hearing in ArcelorMittal, Numetal plea over Essar Steel bid rejectionBoth ArcelorMittal and Numetal have moved the NCLT challenging the rejection of their bids for Essar Steel.
- Vedanta unlikely to participate in rebidding of Essar SteelVedanta had submitted an Expression of Interest (EoI) for Essar Steel but did not bid for the bankrupt steel maker which owes over Rs 45,00...
- ArcelorMittal plans to rebid for Essar SteelThe SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal finding them ineligible under the IBC.
- JSW Steel keen to participate in Essar bidding processThe Essar bidding is poised to be the biggest in the current round of auction of stressed steel assets and is likely to involve anywhere be...
- Essar Steel to see new round of bidding after Numetal, ArcelorMittal's bids are declared ineligibleThe committee of lenders discussed the option of going for a second round of bidding as both Numetal's and ArcelorMittal's bids were held i...
- Numetal ready to buy out Rewant Ruia; claims their bid for Essar Steel fully legitNumetal and ArcelorMittal are the only two bidders for the 10-million tonne Essar Steel assets at Hazira, which owe the banks more than Rs ...
- Will Essar Steel help Lakshmi Mittal come home?Lakshmi Mittal remains a top FDI draw into the country. Will Essar Steel give the world’s largest steelmaker the breakthrough he has so lon...
- Numetal, Arcelor enter last lap in Essar Steel bidOther contenders, including Tata Steel & Vedanta’s Anil Agarwal, pull out
- Numetal buys key pipeline provider, gains edge in race for Essar SteelThe consortium that is believed to be spearheading the Ruia family’s bid to retain Essar Steel, is buying a majority stake in Orissa Slurry...
- ArcelorMittal, Nippon tie up to jointly bid for Essar SteelArcelorMittal and Nippon Steel had originally planned to submit independent bids for Essar Steel, which is among the five steel companies u...
- Esmark's major stockholder favours Severstal to EssarEssar Steel's bid to acquire Esmark has come for a strong opposition from the US steel maker's major stockholder Franklin Mutual Advisers, ...
- Essar faces Russian roadblock in US acquisitionAnother bidding war seems to be brewing in the steel sector with Indian conglomerate Essar group's $1.1 billion takeover offer for Esmark o...
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