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ArcelorMittal aims to complete negotiations swiftly with Essar CoCThe company has been trying for long to enter India but has not succeeded so far.- Anil Agarwal indicates he is open to raising bid for Essar SteelThe bid was more than offers made by ArcelorMittal and Russia's VTB Capital-backed NuMetal Ltd in the first round.
- 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.
- SC verdict on appeals of NuMetal, ArcelorMittal on eligibility to bid for Essar Steel todayThe bench is expected to deal with the ways to prevent delays in insolvency resolution of debt-ridden firms due to continued adjudications ...
- Supreme Court reserves verdict on appeals of NuMetal, ArcelorMittal on eligibility to bid for Essar SteelNational Company Law Appellate Tribunal (NCLAT) had ruled that NuMetal's second bid for Essar Steel was eligible
- Eligibility of ArcelorMittal, NuMetal has to be decided by SC: Committee of CreditorsThe concept of 'lifting of corporate veil' has to be given 'exhaustive' interpretation, senior advocate Gopal Subramaniam, representing the...
- NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel: NuMetal to Supreme CourtThe Appeal is on limited grounds as the NCLAT has committed "a fundamental error" in interpreting the provisions of the Code and allowed ti...
- Banks led by SBI had asked ArcelorMittal to clear dues of two firms: NuMetal to SCA bench of Justices R F Nariman and Indu Malhotra took note of the submissions with a word of caution saying the charges and counter-charge...
- SC asks Numetal to establish subterfuge charge against ArcelorMittal in divesting sharesNuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore.
- Revised bid for Essar Steel offers "unprecedented value" to creditors: ArcelorMittalThe remarks come a day after the leading global steel producer offered Rs 42,000 crore to acquire Essar Steel India Ltd (ESIL), upstaging a...
- 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.
- SBI withdraws plan to sell Essar Steel loans post NCLAT orderSBI, the lead lender, was planning to sell its loan to Essar Steel to asset reconstruction companies, according to sources.
- ArcelorMittal says NuMetal alter ego of Ruias; NCLAT disagreesAt a hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT), senior lawyer Abhishek Manu Singhvi, appeari...
- NCLAT adjourns hearing on NuMetal, ArcelorMittal pleas till July 2A two-member bench headed by Chairman Justice S J Mukhopadhaya today started the hearing. However, the matter remained part-heard due to pa...
- NCLAT to hear ArcelorMittal, NuMetal pleas tomorrowThe appellate tribunal's direction came over a petition filed by the lenders of debt-ridden Essar Steel requesting an early hearing on acco...
- Lenders move NCLAT for early hearing in Essar Steel caseThe NCLAT had on May 22 ordered status quo on insolvency of Essar Steel for two months as it admitted petitions of NuMetal and ArcelorMitta...
- NCLAT asks resolution professional, lenders, NCLT to hold order on Essar SteelThe appellate tribunal also admitted the cross petitions filed by Russia's VTB Capital-based NuMetal and Arcelor Mittal, two resolution app...
- NCLAT agrees to hear NuMetal, ArcelorMittal petition in Essar Steel caseThe NCLAT issued notices to a committee of Essar Steel creditors, the resolution professional running an auction of the company and the two...
- Essar Steel rebidding: JSW only an investor in Numetal India arm, not a resolution applicantJSW has come on board Nu Metal & Steel, a drop-down subsidiary of Numetal Mauritius, as an “investor” with a 25% stake.
- NuMetal to take control of strategic pipeline of OdishaThe Mauritius-based investment vehicle has snapped a 70 per cent stake in OSPIL, which feeds raw material to Essar's Paradip steel plant.
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