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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…
2 mins read
NCLAT reserves order on JSW Steel's Bhushan Power buyout
The government had last month amended the IBC and inserted Section 32A, which mandates that once ma…
PTI
2 mins read
ArcelorMittal submits a higher bid for bankrupt Essar Steel but on one condition
A fresh round of bidding for the indebted Essar Steel - which was one of the first 12 accounts iden…
1 min read
Tata Steel and JSW welcome competition from ArcelorMittal after it buys Essar
Presence of more companies in the market will lead to more innovations, quality and R&D act…
PTI
2 mins read
ArcelorMittal's $6.1 billion bid for Essar Steel is on hold again
A bench headed by Justice Rohinton F. Nariman admitted the appeals by Essar Steel lenders …
4 mins read
Bhushan Power & Steel takover: NCLAT gives JSW Steel immunity from criminal investigations
While the government had in December amended the insolvency law to ring-fence a corporate debtor, …
PTI
1 min read
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
New Delhi, Nov 19 () Following the Supreme Court verdict on Essar Steel resolution plan, global ste…
PTI
1 min read
Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi, Nov 15 () Global steel giant ArcelorMittal on Friday said it is looking forward to close…
PTI
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…
2 mins read
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
New Delhi, Dec 13 () Global steel giant ArcelorMittal has initiated payment for acquisition of debt…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
2 mins read
NCLAT defers hearing on JSW Steel's Bhushan Power buyout till Jan 31
New Delhi, Jan 23 () The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned till…
PTI
2 mins read
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
New Delhi, Jan 16 () The National Company Law Appellate Tribunal (NCLAT) has asked the investigativ…
PTI
1 min read
Tata Group stocks remain under pressure after NCLAT order
New Delhi, Dec 19 () Shares of various Tata Group companies remained under pressure on Thursday as …
PTI
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
2 mins read
ArcelorMittal isn’t giving up on its bid for Essar Steel without a fight
However, ArcelorMittal’s bid was subject to one condition - it said it would only pay the outs…
2 mins read
NCLAT Chairman Justice S J Mukhopadhaya retires
He delivered several landmark judgements during his tenure of nearly four years. He supervised and…
PTI
2 mins read
NCLAT dismisses ArcelorMittal plea over EPC Construction
New Delhi, Dec 16 () The NCLAT on Monday dismissed global steel major ArcelorMittal's petition, cha…
PTI
1 min read
NCLAT sets aside Ferro Alloys promoters plea against NCLT approval
An NCLAT bench headed by Chairperson Justice S J Mukhopadhaya upheld the order of the Cuttack Bench…
PTI
2 mins read
NCLAT directs ED to file final affidavit in BPSL assets attachment matter
The validity of the attachment could be examined by an adjudicating authority only under the PMLA, …