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MONNET ISPAT BANKRUPTCY
JSW Steel, AION win bid to acquire Monnet IspatThe offer involved a haircut of almost 75% on a debt of more than Rs 10,000 crore.13 Apr, 2018, 08.30 AM IST- ArcelorMittal hits back at Sajjan Jindal's remark, calls Monnet Ispat result 'mockery'ArcelorMittal said that JSW Steel winning Monnet Ispat is a "mockery" as the group is related to the existing promoter of the debt-ridden s...12 Apr, 2018, 09.05 AM IST
- Monnet Ispat CoC approves AION-JSW Steel plan by 98.97% favourable votingFollowing a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...10 Apr, 2018, 03.09 PM IST
- Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...27 Feb, 2018, 07.23 AM IST
- Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...27 Feb, 2018, 07.07 AM IST
- Should brother in law Sajjan Jindal's JSW get Monnet Ispat?According to the new section 29A of the Insolvency & Bankruptcy Code, incumbent promoters as well as connected persons are barred from bidd...14 Feb, 2018, 08.02 PM IST
- JSW Steel close to a deal for Monnet IspatThe JV partners have also agreed to invest Rs 1000 crore as equity which will be used to settle dues of employees, operational creditors an...07 Feb, 2018, 11.37 AM IST
- Jyoti Structures, Monnet Ispat lenders to put companies assets on the block, againThe stressed companies which were nominated by the Reserve Bank of India to undergo the bankruptcy process in June this year have seen seve...19 Dec, 2017, 10.42 AM IST
- As Mumbai bench of NCLT rules in favour of Monnet IspatMonnet owed about Rs 2.5 crore to a foreign supplier, and an arbitration tribunal had ruled that the proceedings could continue simultaneou...16 Nov, 2017, 11.41 PM IST
- Monnet Ispat gains on stake sale buzzHowever, other steel manufacturers such as JSW Steel and Tata Steel were trading lower.27 Sep, 2017, 04.03 PM IST
- PE big guns in race for Monnet IspatUS-based TPG, Blackstone, and Singapore-based SSG Capital are believed to be among the likely bidders.27 Sep, 2017, 08.55 AM IST
- Look! Who is showing interest in Monnet IspatUS-based TPG, Blackstone, and Singapore-based SSG Capital are believed to be among the likely bidders that have sent formal expressions of ...26 Sep, 2017, 09.20 PM IST
- Monnet Ispat wants Sajjan Jindal led-JSW Steel investment consideredThe representative for Monnet declined to provide any further details on the aforementioned deal. After multiple hearings, Monnet said it w...19 Jul, 2017, 12.58 AM IST
- Banks and Monnet Ispat agree to reorganise company under bankruptcy codeThe agreement gave a sense of hope to equity investors that a resolution may be just around the corner.21 Jun, 2017, 08.08 AM IST
- Banks agree to initiate corporate insolvency proceeding on Monnet IspatUnlike many other companies such Essar Steel Ltd., lenders already own more than half of the company that would make it a lot easier to pus...20 Jun, 2017, 07.38 PM IST
- Steel Minister rules out SAIL taking over Monnet IspatIn March, an official had said that the government was examining the possibility of SAIL undertaking 'operation and maintenance' of ailing ...20 Jun, 2017, 06.54 PM IST
- Amtek Auto, Bhushan Steel shares tank up to 20% ahead of bankers meetAccording to the Reserve Bank of India, these 12 accounts owe Rs 2.5 lakh crore to the system.19 Jun, 2017, 11.50 AM IST
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