NCLAT: Can’t Dismiss Restoration App. if Filed in 30 Days from Date of Dismissal of Original App.  ||  Delhi HC: Communication between Parties through Whatsapp Constitute Valid Agreement  ||  Delhi HC Seeks Response from Govt. Over Penalties on Petrol Pumps Supplying Fuel to Old Vehicles  ||  Centre Notifies "Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025"  ||  Del. HC: Can’t Reject TM Owner’s Claim Merely because Defendant Could have Sought Removal of Mark  ||  Bombay HC: Cannot Treat Sole Director of OPC, Parallelly with Separate Legal Entity  ||  Delhi HC: Can Apply 'Family of Marks' Concept to Injunct Specific Marks  ||  HP HC: Can’t Set Aside Ex-Parte Decree for Mere Irregularity  ||  Cal. HC: Order by HC Bench Not Conferred With Determination by Roster is Void  ||  Calcutta HC: Purchase Order Including Arbitration Agreement to Prevail Over Tax Invoice Lacking it    

Essar Steel: NCLAT Probes 'Magical Accounting' by ArcelorMittal, CoC - (22 May 2019)

INSOLVENCY

National Company Law Appellate Tribunal has observed that the Committee of Creditors (CoC) of Essar Steel India Ltd and ArcelorMittal had done some ‘magical accounting’ by which they had adjusted Rs 2,500 crore from the Rs-42,000 crore bid amount and kept it as working capital.

Tags : NCLAT   ESSAR STEEL  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved