CoC, SBI, ICICI, Arcelor had objected to NCLAT order directing financial & operational creditors be treated on a par.

The Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore resolution plan for Essar Steel was approved by NCLT on March 8.

NCLAT cited data provided by the IBBI that shows both financial and operational creditors have recovered around 48% of their claims.

During the proceedings of the appellate tribunal, the counsel informed the bench that meeting was underway in accordance with the NCLAT ord...

ArcelorMittal's resolution proposal provides financial creditors Rs 41,987 crore out of their total dues of Rs 49,395 crore.

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

Essar had challenged NCLT nod to ArcelorMittal's bid for the debt-laden company.

Essar Steel directors had claimed that their offer of Rs 54,389-crore was superior as it clears 100 per cent outstanding of both financial ...

A forum of operational creditors has asked ArcelorMittal to pay their over Rs 1 crore in admitted dues from Essar.

ArcelorMittal had offered to pay creditors Rs 42,000 crore to takeover Essar Steel.

The case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Bankruptcy Code is...

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 picked NRI billionaire Lakshmi Mittal-led ArcelorMittal's Rs 42,000 crore bid for takeover of Essar Steel.

The deal includes payments to unsecured creditors and full repayment to small operational creditors.

The remarks come a day after the leading global steel producer offered Rs 42,000 crore to acquire Essar Steel India Ltd (ESIL), upstaging a...

The move, if it happens, will be prompted by the fact that the lenders are not satisfied with financial bids received from ArcelorMittal an...