In October, the UK-based Liberty Steel had made a non-binding indicative offer to Thyssenkrupp to acquire the German steel major's assets i...

Adhunik and Zion Steel were taken to the insolvency courts and had an admitted debt of around Rs 5,000 crore, according to court filings in...

“With both transformation experience and an entrepreneurial approach, a possible combination of Liberty Steel and Thyssenkrupp Steel would ...

"Over the next 6-12 months, there will be quite a lot of consolidation happening in the steel and mining sectors. We will be keenly reviewi...

Gupta's Liberty House was last in news over criminal charges for alleged breach of Amtek Auto resolution plan.

UK co gets one more chance after it failed to make full upfront payment for the two entities on time.

This follows an appeal by Liberty House group. The latter had emerged the successful resolution applicant for Adhunik Metaliks.

The NCLT though rejected a plea by the committee of creditors to be allowed to consider the offer.

The RP for the debt-laden company is likely to tell the NCLT during a hearing on Tuesday to deduct up to 25 days from the deadline

The others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...

The corporate borrower has a mining lease at Patmunda Manganese Mines, which helps the company being run as a “going concern”, a key factor...

Edelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.

The four companies face claims totalling Rs 14,185 crore.

Adhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals had failed to hammer out a debt resolution plan within the initial deadline...

Binding bids for the resolution plans must be submitted in the next two weeks.

AML would increase the limit for creation of security in favour of lenders to Rs 5,500 crore.

Adhunik group, with interests in mining, special automotive steels and power, has decided to divest up to 26% stake in group company Orissa...