Home » arcelormittal

You Searched For "arcelormittal"

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

19 Nov 2019 11:22 AM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

Look forward to close Essar Steel acquisition soon: ArcelorMittal

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational...

15 Nov 2019 4:17 PM IST

Essar SteelBanks had moved the Supreme Court earlier this year after an appellate court judgment put the claims of Essars operational creditors on par with those of its lenders.

Supreme Court clears path for ArcelorMittal to acquire Essar Steel

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

15 Nov 2019 12:27 PM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

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 IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

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

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

23 Jan 2019 11:56 AM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT directs NCLT Ahmedabad to decide on ArcelorMittal's Essar Steel...

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

28 Feb 2019 11:49 AM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal says facing risks like excess capex on proposed Essar

The world's largest steelmaker ArcelorMittal's takeover proposal of the Essar Steel India Ltd (ESIL).

26 Feb 2019 2:12 PM IST

Steel Minister Chaudhary Birender Singh

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 IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

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 IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal Q4 net income up 16 pc to USD 1.19 billion

Company reported a net income attributable to equity holders of the parent of USD 1.19 billion in the fourth quarter.

7 Feb 2019 1:07 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 cr plan for...

ArcelorMittal's resolution proposal provides financial creditors Rs 41,987 cr out of their total dues of Rs 49,395 cr.

18 March 2019 3:57 PM IST

Costly homecoming for Lakshmi Mittal

Costly homecoming for Lakshmi Mittal

The legal wrangling landed in the Supreme Court last year, setting precedents for India's two-year-old bankruptcy law.

12 March 2019 1:04 AM IST