Search Results for Tag : Essar Steel

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SC Grants Opportunity to ArcelorMittal, NuMetal to Bid for Essar Steel(04.10.2018)

Supreme Court has granted one more opportunity to mining major ArcelorMittal and Russia’s VTB Capital-backed NuMetal to bid for Essar Steel if they cl.....

Tags : Supreme Court, ArcelorMittal, NuMetal, Essar Steel

INSOLVENCY - Essar Steel Insolvency: NCLT Rejects RIL's Plea Opposing Arcelor Bid(27.02.2019)

National Company Law Tribunal (NCLT), Ahmedabad has rejected Mukesh Ambani-led Reliance Industries Limited (RIL)'s plea opposing ArcelorMittal's Rs. 4.....

Tags : NCLT, Essar Steel Insolvency

INSOLVENCY - NCLT Rejects Essar Steel's Operational Creditors Plea Against Arcelor's Bid(01.03.2019)

National Company Law Tribunal (NCLT)-Ahmedabad has rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMi.....

Tags : NCLT, Essar Steel

INSOLVENCY - NCLAT Asks Ruias to First Clear Dues to Consider its bid for Essar Steel(15.03.2019)

National Company Law Appellate Tribunal (NCLAT) has directed promoters of Essar Steel to pay their dues, as per the orders of the Supreme Court, sayin.....

Tags : NCLAT, Ruias, Essar Steel

INSOLVENCY - NCLAT Asks ArcelorMittal to Consider Revising Bid for Essar Steel(15.03.2019)

National Company Law Appellate Tribunal (NCLAT) has asked ArcelorMittal to consider revising its Rs. 42,000 crore bid for Essar Steel India Limited (E.....

Tags : NCLAT, Essar Steel, Arcelor Mittal

INSOLVENCY - NCLAT Refuses to Stay NCLT Nod to ArcelorMittal Resolution Plan for Essar Steel(18.03.2019)

National Company Law Appellate Tribunal has refused to stay a bankruptcy court order approving ArcelorMittal's Rs. 42,000 crore takeover bid for Essar.....

Tags : NCLAT, Essar Steel, Arcelor Mittal

INSOLVENCY - NCLAT Allows Implementation of Arcelor Mittal's Resolution Plan for Essar Steel(19.03.2019)

National Company Law Appellate Tribunal (NCLAT) has given conditional approval to Arcelor Mittal's Rs 42,000 crore resolution plan for Essar Steel, su.....

Tags : National Company Law Appellate Tribunal, Arcelor Mittal, Essar Steel

INSOLVENCY - NCLAT Directs Fresh Essar Steel CoC Meet on Funds Distribution(22.03.2019)

National Company Law Appellate Tribunal (NCLAT) has asked resolution professional of Essar Steel India to call a fresh meeting of committee of credito.....

Tags : NCLAT, Essar Steel

Essar Steel Bids: NCLAT Asks NCLT to Pass Order by January 31(24.01.2019)

National Company Law Appellate Tribunal (NCLAT) has asked Ahmedabad bench of the National Company Law Tribunal (NCLT) to pass an order by January 31 o.....

Tags : Essar Steel

Essar Steel: NCLT Rejects Promoter Ruias’ Settlement Bid(30.01.2019)

National Company Law Tribunal (NCLT) has rejected the settlement offer by Essar Steel’s promoters, the Ruia family, paving the way for the acceptance .....

Tags : NCLT, Essar Steel

SC Allows NCLT Ahmedabad to Decide Essar Steel Insolvency Case(12.02.2019)

Supreme Court has dismissed a plea by operational creditors of Essar Steel, including Indian Oil Corporation (IOC), which had sought a stay in insolve.....

Tags : Supreme Court, NCLT, Essar Steel

NCLAT Extends Deadline for NCLT Ahmedabad to Decide on Essar Steel Insolvency Case(12.02.2019)

National Company Law Appellate Tribunal (NCLAT) has extended the deadline for NCLT Ahmedabad to decide over Rs. 42,000 crore resolution plan submitted.....

Tags : NCLT, Essar Steel

SC Puts on Hold ArcelorMittal's Payment for Essar Steel(15.04.2019)

Supreme Court has ordered a status quo in the Essar Steel case till Delhi-based National Company Law Appellate Tribunal (NCLAT) decides on the final p.....

Tags : Supreme Court, Essar Steel, ArcelorMittal

NCLAT Says Essar Steel Lenders can't Discriminate Among Operational Creditors(24.04.2019)

National Company Law Appellate Tribunal has observed that Committee of Creditors of Essar Steel cannot discriminate among operational creditors of the.....

Tags : NCLAT, Essar Steel

INSOLVENCY - NCLT Rejects Karur Vysya Bank’s Plea Against ArcelorMittal Plan for Essar Steel(08.03.2019)

National Company Law Tribunal has rejected Karur Vysya Bank’s plea to quash Rs 42,000-crore resolution plan of ArcelorMittal for distressed Essar Stee.....

Tags : NCLT, Essar Steel, Karur Vysya Bank

INSOLVENCY - NCLT Clears ArcelorMittal's Resolution Plan for Essar Steel(11.03.2019)

National Company Law Tribunal (NCLT) has approved ArcelorMittal's Rs 42,000-crore takeover bid for Essar Steel.

Tags : NCLT, ArcelorMittal, Essar Steel

Essar Steel: NCLAT Probes 'Magical Accounting' by ArcelorMittal, CoC(22.05.2019)

National Company Law Appellate Tribunal has observed that the Committee of Creditors (CoC) of Essar Steel India Ltd and ArcelorMittal had done some ‘m.....

Tags : NCLAT, Essar Steel

SC Orders Appointment of Arbitrator in Odisha Case Involving Rs 900 crore Insurance Claims(15.09.2015)

Supreme Court has ordered Essar Steel India and New India Assurance Co. to appoint an arbitrator to settle dispute in case involving about Rs 900 cror.....

Tags : Supreme Court,Essar Steel India , New India Assurance Co.

Supreme Court Orders Status Quo on NCLAT Verdict in Essar Steel(23.07.2019)

Supreme Court has ordered status quo in the Essar insolvency case. The Court said the monitoring committee will continue its work till the case is hea.....

Tags : Supreme Court, Essar Steel

Supreme Court Sets Aside NCLAT Order Approving ArcelorMittal's Bid to Acquire Essar Steel(15.11.2019)

Supreme Court has set aside the July 4 order of the National Company Law Appellate Tribunal approving ArcelorMittal's Rs 42,000-crore bid for acquirin.....

Tags : Supreme Court, Essar Steel