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1 min read
ArcelorMittal's bid for the bankrupt Essar Steel clears another hurdle that will give banks 60% off their dues-- but the appellate order has done something more
Global giant Arcelor Mittal had made a bid for a bankrupt Indian company Essar Steel. Simultaneo…
1 min read
Nowhere in the world do bankruptcy cases have a 330-day deadline, says bankruptcy board chief MS Sahoo
The bankruptcy of Essar Steel had put India’s nascent bankruptcy laws to test and the final word on…
1 min read
Lakshmi Mittal can begin taking over Essar Steel as India's Supreme Court ends the debate on how to distribute the money
The ultimate discretion on distribution of funds was with the Committee of creditors, the SC ord…