Dilip Oommen, CEO of AM/NS India, will retire at the end of June. Amit Harlalka, the current chief financial officer, will take over as CEO...

The National Company Law Appellate Tribunal (NCLAT), however, gave operational creditors equal footing into the proceeds of insolvency auct...

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.

Let the delay in selling Essar be a wake-up call as India’s insolvency law needs a further tweak.

The Mittals seemed unfazed having weathered 50 acquisitions in the past to grow to its current size of a 95.5-million tonne steel producer.

Sources say the cash rich JSW is likely to be a minority investor in the Numetal consortium, but will hold operational control.

The move will come under fire as the recent IBC amendment aims to stop promoters of such companies from regaining control unless they settl...

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

Essar Steel said it apprehended that bankruptcy proceedings at this stage may lead to deterioration of the company's operations delay the r...

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

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...

"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.