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essar steel Page-2

Central Bank puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan

Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank.

05 Mar 2019 9:40 AM

NCLAT directs NCLT Ahmedabad to decide on ArcelorMittal's Essar Steel bid by Mar 8

A two-member NCLAT bench said that if the NCLT fails to pass an order by this deadline, it would call records and pass an order.

28 Feb 2019 11:49 AM

Phase of stress in steel sector is over: Minister

Essar Steel may finally go the ArcelorMittal way while stress in the steel sector is now way behind.

19 Feb 2019 1:42 AM

NCLAT extends deadline to decide on Essar Steel insolvency case

NCLT Ahmedabad to decide over the Rs 42,000 cr resolution plan submitted by ArcelorMittal for Essar Steel.

12 Feb 2019 12:25 PM

NCLAT declines plea of Essar Steel operational creditor

NCLAT declined the plea of an operational creditor of debt-ridden Essar Steel seeking recovery worth Rs 800 crore.

30 Jan 2019 12:24 PM

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NCLAT asks NCLT to take decision on Essar Steel's insolvency case by Jan 31

NCLT to pass an order on insolvency resolution plan submitted by Essar Steel's RP, in which ArcelorMittal emerged as the highest bidder.

23 Jan 2019 11:56 AM

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.

17 Jan 2019 10:51 AM

Essar says all overseas debt cleared, USD 1.75 bn paid to Indian, foreign banks

Essar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank.

07 Jan 2019 2:42 PM

Essar Steel insolvency case: NCLAT asks NCLT Ahmedabad bench to expedite decision

The matter is listed at NCLT Ahmedabad on January 7 for next hearing.

03 Jan 2019 11:41 AM

‘New offer by Essar Steel promoters not maintainable’

Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.

29 Nov 2018 11:02 AM

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GAIL move NCLT seeking rejection of ArcelorMittal bid for Essar Steel

Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.

19 Nov 2018 1:50 PM

Mittal claims win in Essar Steel bid

Consider promoters’ attempt: Firm

27 Oct 2018 12:51 AM

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 1:30 PM

Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes

The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.

26 Oct 2018 10:15 AM

Essar Steel shareholders plan to clear all dues

Company seeks withdrawal of insolvency plea after last-ditch attempt.

26 Oct 2018 1:14 AM

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Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues of lenders

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 5:43 PM

JSW Steel seeking legal opinion if can bid solo for Essar Steel: Official

JSW Steel had teamed up with NuMetal to place a Rs 37,000-crore offer for Essar Steel in the second round of bidding.

09 Oct 2018 4:59 PM

SC grants one more opportunity to ArcelorMittal, NuMetal to bid for Essar Steel

Top court asked Committee of Creditors to take a decision within 8 weeks on rival bids of NuMetal and ArcelorMittal for Essar Steel.

04 Oct 2018 11:38 AM

CCI approves ArcelorMittal's acquisition of Essar Steel

The acquisition of Essar Steel is proposed to be undertaken through multiple steps.

20 Sep 2018 6:47 PM

NCLAT amends order on Essar Steel, adds Darius Khambata as counsel

NCLAT had ruled that Numetal's Rs 37,000 crore second-round bid for Essar Steel is valid.

17 Sep 2018 3:18 PM

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