Steel major ArcelorMittal will up its bid for Essar Steel to Rs 42,000 crore and will also settle its dues…
The IBBI is considering allowing cases admitted by the National Company Law Tribunal (NCLT) for insolvency proceedings to be shifted…
Analysts say bid binned as it was said to entail a payment of `3,000 crore over 15 years, a 60%…
The sole resolution plan for the bankrupt Monnet Ispat and Energy from the JSW Steel-Aion Investments combine was finally accepted…
Lenders to the bankrupt Videocon Industries have filed an insolvency petition against 13 subsidiaries of the Venugopal Dhoot-led company.
NCLT accepts Rs 57,000 crore; case admitted in early June, that of telco arm two days later.
Code explicitly bars promoters from bids, even where process initiated, say officials.
Adani Wilmar, a joint venture between the Adani Group and Singapore’s Wilmar International, has beaten rival bidder Patanjali to place…
The country’s largest lender, State Bank of India (SBI), raised its MCLRs by a uniform 10 bps across tenors last…
Lenders to Anrak Aluminium, one of the 28 companies in the Reserve Bank of India’s second list of corporate defaulters,…
Lenders to the bankrupt Essar Steel have filed a petition with the Ahmedabad bench of the National Company Law Tribunal…
Will mean all financial, operational creditors will get complete dues
The resolution professional (RP) of insolvent Binani Cement has postponed the creditors’ meet, which was scheduled for Thursday, citing that…
ArcelorMittal, one of the two key contenders for the bankrupt Essar Steel, is understood to have transferred about Rs 7,000…
OMML’s businesses include exploration, development, mining and processing of mineral assets. It has six manganese ore mines in Odisha and…
LN Mittal, chairman and CEO of the world’s largest steelmaking company, ArcelorMittal, has maintained that his firm was never the…
In its April 19 order, the Ahmedabad bench of the NCLT had asked Essar Steel’s CoC and resolution professional (RP)…
On Friday, ArcelorMittal challenged the disqualification, saying it had exited from Uttam Galva, a defaulter company, before submitting a bid…
