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ESSAR STEEL INSOLVENCY
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- NCLAT reserves order on ArcelorMittal takeover of Essar SteelSenior advocate Harish Salve had contended that during the resolution period, Essar Steel had a profit of Rs 3,500 crore and the company is...
- ArcelorMittal to pay Rs 42,000 cr for Essar Steel takeoverThe NCLAT would continue to hear the Essar Steel insolvency case on May 21.
- Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firmsA shareholder has moved NCLAT against Mittal's bid over his ties with loan defaulting cos run by his brothers.
- NCLAT orders Ahmedabad court to expedite Essar Steel caseThe case has been running for about 500 days, while the maximum stipulated time for the resolution of any case under the Insolvency and Ban...
- NCLT defers hearing in ArcelorMittal, Numetal plea over Essar Steel bid rejectionBoth ArcelorMittal and Numetal have moved the NCLT challenging the rejection of their bids for Essar Steel.
- Essar Steel re-bidding issue may be taken up on Wednesday: SourcesThe meeting is likely to take a decision on the eligibility of bids offered by ArcelorMittal and Numetal for the bankrupt firm. The option ...
- Essar Steel creditors' panel meeting with IRP deferredThe IRP and the CoC could not decide on the eligibility of the bidders who have submitted resolution plans for Essar Steel, a person in the...
- SAIL plans to bid for stressed assets of Essar, Bhushan SteelEssar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.
- ArcelorMittal team visits Essar Steel, Bhushan Steel plantsThe Luxembourg-based ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden...
- Essar Group, Tatas, ArcelorMittal eye Essar Steel"Essar Group has submitted EoI for Essar Steel. A resolution plan will be submitted to IRP within the scheduled time frame," an Essar Group...
- NCLT admits Essar Steel’s insolvency case, Satish Kumar Gupta appointed as IRPAfter losing a battle at Gujarat High Court, Essar Steel got engaged with legal tussle at NCLT, where SBI and SCB fought to ensure admissio...
- NCLT to pronounce Essar Steel’s insolvency order on WednesdayAfter losing an intense legal battle at Gujarat High Court, Essar Steel is again back at NCLT, where SBI and SCB is fighting to ensure admi...
- SBI's insolvency petition incomplete: Essar SteelThe Gujarat High Court had earlier dismissed Essar Steel’s plea against a Reserve Bank of India (RBI) directive asking lenders to initiate ...
- Warranted time to complete debt restructuring: Essar SteelEssar Steel said it apprehended that bankruptcy proceedings at this stage may lead to deterioration of the company's operations delay the r...
- Essar Steel case: Gujarat High Court's verdict on MondayA bench of Justice S G Shah reserved the judgement for July 17 after conclusion of the arguments by the steel major and those of the Reserv...
- Essar Steel case: Gujarat High Court's verdict on MondayA bench of Justice SG Shah reserved the judgement for July 17 after conclusion of the arguments by the steel major and those of the Reserve...
- Have zero tolerance on NPAs; fight cases: Finmin to banksThe ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well, official sources ...
- Defaulters may follow Essar route to block bankruptcyThe steelmaker got a stay on hearings on an insolvency petition moved by a bank. Other large loan defaulters may soon follow in its footste...
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