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Saturday, February 22, 2020



ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation

November 21, 2019 5:47 pm

"We don't see ArcelorMittal as a challenge," JSW Steel Chairman Sajjan Jindal told PTI on the sidelines of the ISA Steel Conclave.

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

November 19, 2019 12:49 pm

ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (‘ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a statement.

Steps to revival

November 18, 2019 4:38 am

Mess in banking and telecom sectors needs to be addressed urgently to pierce economic gloom.

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

November 16, 2019 4:19 am

Upholds supremacy of Committee of Creditors, could speed up resolution of other insolvency cases

SC puts on hold ArcelorMittal’s takeover of Essar Steel; to hear appeals filed by CoC on August 7

July 23, 2019 4:17 am

A Bench led by Justice RF Nariman, while agreeing to hear all the four appeals, filed by SBI-led CoC, ICICI Bank, SBI and ArcelorMittal, on August 7, also asked the parties to maintain status quo with regard to the acquisition of Essar Steel till then.

Essar Steel acquisition: NCLAT rejects Ruias’ plea; approves bid with modification by ArcelorMittal

July 05, 2019 3:05 am

ESAHL had moved the NCLAT seeking rejection of ArcelorMittal’s Rs 42,000 crore bid to acquire Essar Steel, alleging that its promoter LN Mittal hid his association with loan defaulting firms run by his brothers.

Essar Steel: NCLAT reserves order on ArcelorMittal takeover

May 22, 2019 3:25 am

Senior advocate Kapil Sibal appearing on behalf of Standard Chartered Bank, a secured creditor of Essar Steel, said ArcelorMittal should not be allowed to add working capital to brighten up its final resolution plan.

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

May 21, 2019 3:49 am

NCLAT would continue to hear the Essar Steel insolvency case on May 21.

Three ex-Essar Steel directors move NCLAT against ArcelorMittal takeover

March 12, 2019 5:11 am

On Friday, the Ahmedabad bench of the NCLT had approved the lenders’ plan to let global steel giant ArcelorMittal take over the debt-ridden Essar Steel.