MP HC Sets Aside Order Recognising Saif Ali Khan & Family as Heirs of Nawab of Bhopal's Properties  ||  Supreme Court Agrees to Hear Petitions Challenging Bihar Electoral Roll Revision on July 10  ||  NCLT: Dissolution under IBC Can’t Be Used to Frustrate Ongoing Criminal Prosecution under PMLA  ||  Union Government Notifies Waqf Rules 2025  ||  Supreme Court Dismisses Plea Challenging Results & Answer Key of NEET-UG 2025 Exam  ||  SC Introduces Reservations for Other Backward Classes (OBCs) in Staff Recruitments  ||  NCLAT: Restoration Application Can't Be Dismissed if Filed Within 30 Days of Dismissal of OA  ||  NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC  ||  CJI Launches Live Streaming Of Bombay HC Proceedings  ||  AP HC Directs Magistrates to follow SC Guidelines Before Remanding a Person Booked For Posts    

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