NCLAT had asked ArcelorMittal to clear the stigma of defaulter by clearing the dues of its then subsidiaries.
13 Sep 2018 9:23 AM
Anil Aggrawal's Vedanta is a third qualified bidder for Essar Steel.
11 Sep 2018 11:45 AM
Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.
07 Sep 2018 11:55 AM
NCLAT had ordered status quo on insolvency of Essar Steel for two months.
29 May 2018 2:10 PM
The NCLAT had on May 22 ordered hearing on the appeals on a daily basis from July 23-26.
25 May 2018 3:37 PM
NCLAT would conduct daily hearing from July 23 on the matter.
22 May 2018 4:04 PM
The NCLAT took up the petitions on a day when a panel of lenders to Essar Steel is slated to meet to decide if fresh bids are to be called.
27 Apr 2018 12:15 PM
Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.
20 Apr 2018 9:31 AM
The bankers had met on March 23 in Mumbai and had rejected ArcelorMittal's bid along with that of Numetal.
26 Mar 2018 5:21 PM
In February, ArcelorMittal and a group led by Russia’s VTB made separate bids for Essar Steel.
02 Mar 2018 1:28 PM
ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden Essar Steel.
22 Nov 2017 3:37 PM
Essar Steel is among the largest single location steel producers with a 10 MTPA liquid steel capacity.
29 Oct 2017 6:52 PM
Essar Steel was among 12 accounts that were identified for insolvency proceedings.
17 Jul 2017 5:35 PM
Earlier, HC had stayed insolvency proceedings against Essar Steel that was named among 12 major NPAs.
17 Jul 2017 4:51 PM
The company has developed new-generation crash resistant steel, high-strength cold rolled steel and dent-resistant steels.
25 Jun 2017 2:22 PM
Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs 37,248 crore to the lenders.
23 Jun 2017 4:37 AM
Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and Bankruptcy Code, the banker added.
17 Jun 2017 6:15 AM
The state government had first refused Essar group's claims for duty exemption on electricity in 2003.
03 Apr 2017 6:21 PM
Essar Steel's import substitute products have been used for construction of advance naval destroyers.
02 Mar 2017 4:12 PM