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NCLT UTTAM GALVA
NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel“It (resolution plan) shall be binding on the corporate debtor, its employees, members, creditors, including the central government, any st...- NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva SteelThe Mumbai bench of the National Company Law Tribunal (NCLT) presided by members PN Deshmukh and KK Vohra reserved the order after hearing ...
- Deutsche Moves to block ArcelorMittal's takeover of Uttam GalvaArcelorMittal's resolution plan, which was submitted by Uttam Galva's resolution professional in June 2021, is pending before the bankruptc...
- Lenders of Uttam Galva Steel approve ArcelorMittal’s resolution planOn October 1, last year, the Mumbai bench of the National Company Law Tribunal (NCLT) had admitted an insolvency petition against the debt-...
- Metal giants in race for Uttam GalvaMittal has the highest exposure to Uttam Galva’s liabilities of Rs 9,742 crore, followed by other financial and operational creditors.
- Nithia Capital to close Uttam deal by end of October, has identified a new management team: CEO Jai Saraf“We are making full efforts to close the transaction by the end of this month. Once we close the transaction, our new team will go in,” Jai...
- NCLT admits insolvency plea against Uttam Galva Steel LtdUGSL was among the companies in the Reserve Bank of India’s second list of loan defaulters and had been directed to come up with immediate ...
- SBI suggests Resolution Professional for Uttam Galva SteelsState Bank of India, one of the financial creditors to Uttam Galva Steels, on Thursday submitted its suggestion for an insolvency resolutio...
- Uttam Galva counters Deutsche’s $20-million recovery plea at NCLTUttam Galva has raised two contentions opposing the petition — one, that the debt was time-barred and the other, that the loan agreement wa...
- ArcelorMittal deploys team to oversee Uttam Galva operationsArcelorMittal, the world’s largest steelmaker, became the sole financial creditor of Uttam Galva after paying off outstanding dues of about...
- 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...
- JSW Steel, 3 others eye Uttam Galva companiesAPL Apollo, meanwhile, has shown interest in buying Uttam Value Steels.
- 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.
- Inconsistent use of IBC: JSW refutes Arcelor allegationsA second round of bids was later invited for Essar Steel: Arcelor-Mittal has put in a rebid and JSW Steel has also entered the fray by join...
- 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.
- Lenders set to name PwC as admin for Uttam companiesUttam Galva Metallics has outstanding dues of Rs 9,500 crore.
- Bankers look for speedy resolution of 28 accounts28 bad loan accounts need restructuring by December 13 or they’ll end up in NCLT, which will require banks to provide for losses of up to 5...
- Tribunals dismiss Macquarie Bank's insolvency petition against Uttam Galva MetallicsIn an order dated July 17, NCLAT said that Macquarie Bank had no office in India, nor any account with any of the local banks or financial ...
- Uttam Galva borrows more legal trouble for itself with loan defaultMumbai Bench of the National Company Law Tribunal (NCLT) last week admitted the petition filed by DF Deutsche Forfait under the Insolvency ...
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