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KSS PETRON
NCLT sets aside fresh demand raised against KSS Petron over duesThe liquidator of KSS Petron had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the regional provident fun...- Arcelor CoC rejects Royal Partners plan for KSS PetronMauritius-based Royal Partners (also known as RPMG Investments) has submitted a bid to buy the firm.
- ArcelorMittal looks to buy ownership of Uttam GalvaUttam Galva owed lenders Rs 6,880 crore as of September last year. AM had acquired 29.05% of Uttam Galva's stake in 2009 and has since been...
- Essar Steel: ArcelorMittal to Pay Rs 7,469 crore dues of Uttam Galva, KSS PetronThe announcement comes a day before the two-week deadline given to the two companies ArcelorMittal and Numetal to clear dues associated wit...
- ArcelorMittal to make $1 bln creditor payment to bid for Essar SteelEssar Steel's committee of creditors now has an eight-week period to evaluate bids.
- ArcelorMittal ready to clear Uttam Galva, KSS Petron debt for Essar Steel bidArcelorMittal said it is preparing to repay dues worth Rs 4,554 crore of Uttam Galva and KSS Petron.
- Numetal, ArcelorMittal fight in Supreme Court over Essar Steel bidArcelorMittal exited the companies shortly before bidding for Essar Steel to become eligible under the law, Rohatgi told a two-judge bench ...
- ArcelorMittal gets time to pay up duesSC's judgement will be critical for ArcelorMittal to continue as an eligible bidder for Essar Steel.
- Revised bid for Essar Steel offers "unprecedented value" to creditors: ArcelorMittalThe remarks come a day after the leading global steel producer offered Rs 42,000 crore to acquire Essar Steel India Ltd (ESIL), upstaging a...
- SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar Steel auctionThe apex court refused urgent hearing for ArcelorMittal's plea for payment of Rs 7,000 crore by today for its second bid to become eligible.
- Second round bids for Essar Steel to be opened on MondayIn the first round, ArcelorMittal had offered Rs 30,000 crore and Numetal Rs 18,000 crore.
- Both Arcelormittal, Numetal back in race for Essar SteelNumetal and ArcelorMittal have challenged each other’s eligibility under the provisions of Insolvency and Bankruptcy Code (IBC), which proh...
- SBI withdraws plan to sell Essar Steel loans post NCLAT orderSBI, the lead lender, was planning to sell its loan to Essar Steel to asset reconstruction companies, according to sources.
- ArcelorMittal studying NCLAT judgment on Essar Steel bankruptcy caseAppellate tribunal upheld Numetal's second bid as valid and said ArcelorMittal (AM) will be eligible to bid under Sec 29A of Insolvency and...
- NCLAT reserves order on Numetal and ArcelorMittal pleas over Essar Steel bidsArcelorMittal's first bid was rejected because of its holding in loan defaulting companies, Uttam Galva Steel and KSS Petron.
- ArcelorMittal to NCLAT; The company was eligible to bid for Essar SteelArguing before the National Company Law Appellate Tribunal (NCLAT) on behalf of ArcelorMittal, senior advocate Harish Salve submitted that ...
- ArcelorMittal will get a shot at Essar Steel only after clearing pending duesThe committee of creditors will meet early next week to decide on the future course of action, said two senior bank officials.
- ArcelorMittal, Numetal spar over eligibility at NCLTNumetal argued that the section 29A of the Insolvency and Bankruptcy Code (IBC) allows a defaulter to bid only after it sheds its defaulter...
- Bombay High Court rejects KSS Petron's appeal against ONGC contractIn its petition, the engineering, procurement and construction contractor accused ONGC of favouring Technip on the contract related to the ...
- KSS Petron moves HC to cancel ONGC’s Rs 1,000 crore contract to Technip unitIn its petition, KSS Petron accused ONGC of favouring Technip KT India Ltd on the contract related to an onshore terminal development.
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