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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'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 …
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
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
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
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
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 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
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
ArcelorMittal keen to expand presence in India: Pradhan
New Delhi, Dec 14 () Global steel major ArcelorMittal is keen to expand its presence in India, Stee…
PTI
2 mins read
Coalgate Verdict: Worst Fears For Power Companies Come True
Companies had expected the court to take a more lenient view on the 40 coal mines that had started …
ET
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
NMDC Hikes Iron Ore Prices To Boost Domestic Supply
The NMDC has raised iron ore prices by Rs 250-300 a tonne for June.
3 mins read
2019: NCLAT passed several judgements but many of them failed Supreme Court perusal
New Delhi, Jan 1 () Whos who of the corporate world - from Reliance to Tatas to ArcelorMittal - wer…
PTI
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
IBBI will ensure regulations are 'grounded on realities', says Sahoo
New Delhi, Dec 8 () Emphasising that the insolvency law provides a new lifeline to save a company f…
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
Electricity prices set to surge in these five Indian states after the Supreme Court’s verdict on power purchasing agreements
The price hike will only kick in once the power purchasing agreement is signed by Central Elec…
1 min read
10 landmark judgements India’s Supreme Court passed in 2018
The Supreme Court verdict on decriminalising homosexuality allowing the entry of women in the Sa…
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 …