Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat's Jamnagar district, effectively givin...

The National Company Law Tribunal (NCLT) is said to be considering liquidation of the company after hearing arguments made by lawyers on be...

ArcelorMittal’s offer would have made secured financial lenders more than 90% whole, meaning unsecured operational lenders should have had ...

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.

Last month, the CoC of Essar Steel had picked ArcelorMittal's proposal for Essar Steel. Under the plan, financial creditors stand to get Rs...

Supreme Court had ordered that VTB cannot be barred from the auction process because of US sanctions.

Essar Steel faces claims of Rs 49,138 cr from financial creditors. SBI accounts for the largest share of Rs 13,131 cr, followed by IDBI Ban...

Essar Steel has defaulted on more than Rs 40,000 crore of loans, and is contesting the central bank order that it be tried under the bankru...

They claim that Essar Steel was not revealing the correct picture of its journey to the bankruptcy proceedings and is presenting the facts ...

Co's NPA rose from Rs 31,671 cr on March 31, 2016 to Rs 32,864 cr on March 31 this year. It was very far from completing its loan restructu...

Cracking down on bad loans, RBI last month identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore o...

In the past 12 months, banks have deducted more than Rs 3,000 crore from Essar Steel.

"Essar Steel’s operational performance has improved in the past one year and that it should be given more time to close its restructuring p...

The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well, official sources ...

Essar Steel has hired financial and legal advisers to help it restructure its debt, according to people familiar with the matter.

The company filed for protection under chapter 15 of the Bankruptcy Code in the US while listing liabilities of more than $1 billion.