Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank.
05 Mar 2019 9:40 AM
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
Essar Steel may finally go the ArcelorMittal way while stress in the steel sector is now way behind.
19 Feb 2019 1:42 AM
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 declined the plea of an operational creditor of debt-ridden Essar Steel seeking recovery worth Rs 800 crore.
30 Jan 2019 12:24 PM
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
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 Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank.
07 Jan 2019 2:42 PM
The matter is listed at NCLT Ahmedabad on January 7 for next hearing.
03 Jan 2019 11:41 AM
Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.
29 Nov 2018 11:02 AM
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
ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.
26 Oct 2018 1:30 PM
The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.
26 Oct 2018 10:15 AM
Company seeks withdrawal of insolvency plea after last-ditch attempt.
26 Oct 2018 1:14 AM
The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.
25 Oct 2018 5:43 PM
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
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
The acquisition of Essar Steel is proposed to be undertaken through multiple steps.
20 Sep 2018 6:47 PM
NCLAT had ruled that Numetal's Rs 37,000 crore second-round bid for Essar Steel is valid.
17 Sep 2018 3:18 PM