Mesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...

The Mumbai NCLT replaced Santanu Ray, who was appointed as interim resolution professional (IRP), with Satish Gupta, an order posted on the...

"The impugned order dated March 28, 2022 cannot be sustained and is quashed... However, it will be open to the respondent Sebi to initiate ...

On November 15, the apex court paved the way for ArcelorMittal to take over Essar Steel for Rs 42,000 crore, giving primacy to secured cred...

"The amendments will be applied with retrospective effect and will strengthen the case of secured creditors in the Essar Steel resolution,"...

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

NCLAT just told Essar Steel its plan would only be considered if it cleared Essar Group’s entire bad debt.

92% lenders to the steel company have voted in favour of ArcelorMittal's resolution plan on October 25.

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...

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 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...

Section 29(A) was introduced to prevent promoters from regaining control of companies that they had led to bankruptcy.

ArcelorMittal offered Rs 42,000 cr to settle Essar Steel's debt and a further Rs 8,000 cr of capital infusion.

Both VTB and Arcelor-Mittal have offered resolution plans for Essar Steel, that owes more than Rs 52,000 crore to its creditors.

The Luxembourg-based ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden...