essar steel

Prashant Ruia's plea v/s Arcelor's bid for Essar rejected

Prashant Ruia's plea v/s Arcelor's bid for Essar rejected

The National Company Law Appellate Tribunal (NCLAT) on Thursday rejected Essar Steel promoter Prashant Ruia's plea against the Rs 42,000 ...Read More

PSBs recover Rs 1.2 lakh crore from bad loans in 2018-19

PSBs recover Rs 1.2 lakh crore from bad loans in 2018-19

New Delhi: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, pr...Read More

NCLAT reserves order on Essar Steel case

NCLAT reserves order on Essar Steel case

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday reserved its order over a batch of petitions against ArcelorMit...Read More

Will pay Rs 42,000 crore for Essar Steel: ArcelorMittal

Will pay Rs 42,000 crore for Essar Steel: ArcelorMittal

New Delhi: Global steel major ArcelorMittal Monday told the National Company Law Appellate Tribunal (NCLAT) that it would pay Rs 42,000 c...Read More

Essar Steel posts Rs 4,229 crore EBITDA during insolvency

Essar Steel posts Rs 4,229 crore EBITDA during insolvency

New Delhi: Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 4,229 cr...Read More

‘To recover Rs 2.8 lakh crore from IBC process’

‘To recover Rs 2.8 lakh crore from IBC process’

New Delhi: Ministry of Corporate Affairs (MCA) sees total recovery to about Rs 2.8 lakh crore through resolutions with the settlement of ...Read More

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

New Delhi: Standard Chartered Bank (StanChart) on Tuesday slammed Essar Steel’s Committee of Creditors (CoC) for holding “secret” negotia...Read More

Arcelor paying only Rs 39,500 cr for Essar Steel: Kapil Sibal

Arcelor paying only Rs 39,500 cr for Essar Steel: Kapil Sibal

New Delhi: The world’s largest steelmaker ArcelorMittal is in effect paying Rs 39,500 crore and not Rs 42,000 crore for buying Essar Stee...Read More

ArcelorMittal bid:  Essar Steel promoter moves NCLAT

ArcelorMittal bid: Essar Steel promoter moves NCLAT

New Delhi: Prashant Ruia-led Essar Steel Asia Holdings (ESAHL), the majority shareholder in Essar Steel, on Tuesday moved the National Co...Read More

Essar Steel shareholder seeks rejection of ArcelorMittal bid for company

Essar Steel shareholder seeks rejection of ArcelorMittal bid for company

New Delhi: An Essar Steel’s majority shareholder on Tuesday moved NCLAT seeking rejection of ArcelorMittal’s Rs 42,000 crore bid of the b...Read More

NCLAT prepones hearing on Essar Steel to May 7

NCLAT prepones hearing on Essar Steel to May 7

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has preponed its scheduled hearing over the resolution process of debt-rid...Read More

National Company Law Appellate Tribunal makes some big and firm moves

National Company Law Appellate Tribunal makes some big and firm moves

New Delhi: The National Company Law Appellate Tribunal (NCLAT) hearing two major bankruptcy cases made substantial progress in them. One ...Read More

NPA recovery target in jeopardy on Essar Steel

NPA recovery target in jeopardy on Essar Steel

New Delhi: The delay in actual realisation from the resolution of the big-ticket cases like Essar Steel has put the NPAs, or bad loans, r...Read More

National company Law Appellate Tribunal boost for ArcelorMittal’s plan

National company Law Appellate Tribunal boost for ArcelorMittal’s plan

New Delhi: It seems like ArcelorMittal (AM) is inching closer to acquire the debt-hit Essar Steel with the National company Law Appellate...Read More

ArcelorMittal Essar Steel case

ArcelorMittal Essar Steel case

New Delhi: The insolvency proceedings of the debt-laden Essar Steel may take more time to see the light at the end of the tunnel with the...Read More

Ex Essar Steel directors approach NCLAT

Ex Essar Steel directors approach NCLAT

New Delhi: Three directors of erstwhile Essar Steel had approached the National Company Law Appellate Tribunal (NCLAT) against a lower ba...Read More

Resolutions of both Binani Cement and Essar Steel were within rules: IBBI

Resolutions of both Binani Cement and Essar Steel were within rules: IBBI

Kolkata: The Insolvency and Bankruptcy Board of India (IBBI) has said that it did not find any contradiction in approvals of resolution f...Read More

National Company Law Tribunal favours insolvency cases; approves Arcelor Mittal’s Essar steel takeover plan

National Company Law Tribunal favours insolvency cases; approves Arcelor Mittal’s Essar steel takeover plan

Ahmedabad: The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved AreclorMittal’s Rs 45,000 crore resolution ...Read More

National Company Law Appellate Tribunal get more time to decide on Essar insolvency case

National Company Law Appellate Tribunal get more time to decide on Essar insolvency case

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted a week more time to NCLT Ahmedabad to decide over the R...Read More

Decks cleared for Arcelor to take over Essar Steel

Decks cleared for Arcelor to take over Essar Steel

Mumbai: In a major setback to the operations creditors of the Essar Steel, the Supreme Court on Monday rejected the pleas by them, seekin...Read More

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