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.
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.
November 18, 2019 4:38 am
Mess in banking and telecom sectors needs to be addressed urgently to pierce economic gloom.
November 16, 2019 4:19 am
Upholds supremacy of Committee of Creditors, could speed up resolution of other insolvency cases
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.
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.
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.
May 21, 2019 3:49 am
NCLAT would continue to hear the Essar Steel insolvency case on May 21.
May 08, 2019 3:50 am
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.