Essar Steel Sale News

Companies

Apex court stays NCLAT verdict in Essar Steel insolvency case

The top court put on hold the sale of Essar Steel and said the NCLAT order should not be given effect to as of nowThe court said it would resolve issues arising from the Essar verdict expeditiously and fix an early date for hearing the case

2 min read23 Jul 2019
Companies

NCLT to decide on Essar Steel shareholders’ proposal by 31 January

The pronouncement comes after NCLAT last week asked NCLT Ahmedabad to expedite the insolvency case filed against Essar Steel

2 min read7 Jan 2019
Companies

ArcelorMittal raises bid for Essar Steel to ₹42,000 crore

Steel maker also commits to pay 7,000 crore to settle dues of Uttam Galva, KSS Petron

2 min read10 Sep 2018
Companies

Essar Steel case: NCLAT reserves order on cross petitions by Numetal, ArcelorMittal

NCLAT has asked both Numetal and ArcelorMittal to file written submissions on their disqualification by Monday

2 min read18 Jul 2018
Companies

NCLAT puts Essar Steel insolvency process on hold

The NCLAT also admitted cross appeals moved by ArcelorMittal and Numetal in the Essar Steel bidding process and listed them to be heard daily from 23 July

1 min read22 May 2018
Companies

Essar Steel bidding: Numetal moves NCLAT against ineligibility order

NCLT Ahmedabad had disqualified Numetal's bid for Essar Steel on the grounds that Rewant Ruia, son of Ravi Ruia, is a beneficiary of a trust that backed Aurora Enterprises, which in turn held about 25% stake in Numetal

1 min read11 May 2018
Companies

Swift decision on Essar in interest of all stakeholders: ArcelorMittal

The Committee of Creditors (CoC) on Wednesday had met representatives of ArcelorMittal and Numetal which are in the race to acquire Essar Steel regarding their eligibility and a decision is awaited

2 min read4 May 2018
Companies

Deals Buzz: Fresh hurdles for Numetal, ArcelorMittal in Essar Steel sale

In other news, payments solutions provider AGS Transact Technologies has restarted work on its IPO, its third attempt to go public

3 min read24 Apr 2018
Industry

Essar Steel sale: Fresh hurdles for Numetal, ArcelorMittal in NCLT order

ArcelorMittal and Numetal, which were finalists in the Essar Steel auction, were disqualified by the steelmaker's resolution professional

2 min read24 Apr 2018
Companies

NCLT puts ArcelorMittal, Numetal back in the race for Essar Steel

NCLT Ahmedabad has set aside Essar Steel IRP's decision to disqualify the first round of bidding and extended by a month the deadline for filing a debt resolution plan

3 min read21 Apr 2018
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles