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ESSAR STEEL CASE
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...- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Odisha Slurry lenders pick ArcelorMittal bidOdisha Slurry owes financial creditors Rs 3,300 crore, of which Rs 2,350 crore is the principal amount.
- Essar Steel ruling: PSU bank shares rallyThe Nifty PSU Bank gained 3.28% to 2457.35 – the biggest one day gain since October 31.
- Essar Steel case order: Here's what experts saySC said the two set of creditors will be treated differently during the insolvency proceedings and taking over of a debt-ridden firm by ano...
- 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.
- Ruia, Essar Steel directors move NCLT to squash Mittal's bidThe NCLT bench comprising Manorama Kumari and Harihar Prakash Chaturvedi said it will decide Tuesday whether the petition will be admitted ...
- SBI defers sale of Essar Steel loans to February 11SBI, which has the largest exposure in Essar Steel, has said it took the decision on request of potential buyers. The e-auction for the loa...
- SBI puts Essar Steel loan on the blockSBI’s willingness to accept the haircut suggests the lender is not confident of an early resolution of Essar Steel’s outstanding debt.
- 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...
- NCLT defers Essar Steel hearing to December 10The court was supposed to hear as many as 21 applications related Essar Steel resolution on Wednesday.
- NCLT admits Essar Steel’s insolvency case, Satish Kumar Gupta appointed as IRPAfter losing a battle at Gujarat High Court, Essar Steel got engaged with legal tussle at NCLT, where SBI and SCB fought to ensure admissio...
- Essar Steel case: Gujarat High Court's verdict on MondayA bench of Justice S G Shah reserved the judgement for July 17 after conclusion of the arguments by the steel major and those of the Reserv...
- Essar Steel case: Gujarat High Court's verdict on MondayA bench of Justice SG Shah reserved the judgement for July 17 after conclusion of the arguments by the steel major and those of the Reserve...
- How Essar Steel's legal challenge can scupper government's boldest move on bad loansCracking down on bad loans, RBI last month identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore o...
- Already restructuring, stop insolvency actions: Essar Steel to Gujarat High CourtEssar Steel had moved the high court against insolvency proceedings initiated by the banks on the RBI direction.
- Have zero tolerance on NPAs; fight cases: Finmin to banksThe ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well, official sources ...
- Defaulters may follow Essar route to block bankruptcyThe steelmaker got a stay on hearings on an insolvency petition moved by a bank. Other large loan defaulters may soon follow in its footste...
- Essar Steel Minnesota hires debt restructuring advisers: SourcesEssar Steel has hired financial and legal advisers to help it restructure its debt, according to people familiar with the matter.
- Essar GM J S Verma arrested for allegedly waging war against nationA top official of Essar Steel was on Tuesday arrested by the Chattisgarh Police on allegations of waging war against the state.
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