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India"s NCLT OKs ArcelorMittal"s Resolution Plan For Essar Steel

India"s NCLT OKs ArcelorMittal"s Resolution Plan For Essar Steel.....»»

Category: topSource: seekingalphaMar 15th, 2019

ArcelorMittal hits out at JSW, calls Ispat Monnet decision "mockery"

The comments of ArcelorMittal come just ahead of Monnet's resolution plan being filed for approval with the NCLT.....»»

Category: topSource: business-standardApr 11th, 2018

ArcelorMittal vs Numetal: NCLT to pronounce judgement no later than Apr 12

NCLT asks Essar Steel RP to submit written details of arguments On Apr 9.....»»

Category: topSource: business-standardApr 6th, 2018

Essar Steel sale: Lenders must negotiate with chosen bidder, says Arcelor

ArcelorMittal has already written to the State Bank of India and said that it would repay all dues.....»»

Category: topSource: business-standardApr 27th, 2018

Insolvency: India Gate basmati rice maker KRBL group eyes REI Agro

The NCLT can order liquidation if a firm fails to bring to the table a resolution plan within six months of admission of the case. This can be extended by another three months.....»»

Category: topSource: business-standardMay 3rd, 2018

Essar Steel resolution case: Arcelor, Numetal may get 7 days to pay dues

The committee of creditors (CoC) in the Essar Steel resolution case considered giving ArcelorMittal and Numetal seven days to clear outstanding dues to become eligible......»»

Category: topSource: business-standardMay 6th, 2018

Working "very closely" with L N Mittal on Arcelor"s future plan: Son Aditya

ArcelorMittal is in the race to acquire debt-laden Essar Steel which is undergoing insolvency proceedings.....»»

Category: topSource: business-standardMay 13th, 2018

Essar Steel lenders to seek guidance from NCLAT on Mittal offer

Numetal and ArcelorMittal had moved the NCLAT against a previous order of the National Company Law Tribunal's (NCLT's) Ahmedabad bench.....»»

Category: topSource: business-standardMay 16th, 2018

Declare Tata Steel"s bid for Electrosteel "ineligible": Renaissance Steel

Renaissance Steel is contesting Rs 53200 million resolution plan by Vedanta group for Electrosteel, which was approved by the Kolkata bench of the NCLT, before the appellate tribunal.....»»

Category: topSource: business-standardMay 18th, 2018

Bank of India to get Rs 19.93 bn from Tata Steel-Bhushan Steel deal

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion.....»»

Category: topSource: business-standardMay 19th, 2018

ArcelorMittal selected as H1 bidder for Essar Steel India

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 19th, 2018

European steel merger derailed by antitrust regulators

Steelmaking giant Thyssenkrupp of Germany says it expects European antitrust regulators to block its plan to combine its European operations with India's Tata Steel......»»

Category: topSource: foxnewsMay 10th, 2019

Essar Steel sale: Numetal moves NCLAT against NCLT; Arcelor writes to SBI

Numetal may also bring up the issue of apprehension of its bid being rejected by the CoC later.....»»

Category: topSource: business-standardApr 26th, 2018

Essar Steel: Numetal moves NCLAT ahead of bankers" meet on Friday

According to media reports, ArcelorMittal had quoted higher than Numetal, which still is below the fair value as it quotes only 40% of Rs 450 bn due to them from Essar Steel.....»»

Category: topSource: business-standardApr 26th, 2018

Global players cite instability, fight shy of buoyant Indian steel market

Some, like ArcelorMittal, Sumitomo Metal may enter only via insovency route, as Make in India, 300 mn tonne production target fail to impress.....»»

Category: topSource: business-standardApr 26th, 2018

ArcelorMittal, Numetal ineligible to bid for Essar Steel: Kroll report

A source who attended CoC meeting in Mumbai on Tuesday said the Kroll report was taken on record by the lenders and it would be taken up for further discussion in the next meeting.....»»

Category: topSource: business-standardApr 25th, 2018

ArcelorMittal, Numetal have pending cases, can"t bid for Essar Steel: Kroll

A source who attended CoC meeting in Mumbai on Tuesday said the Kroll report was taken on record by the lenders and it would be taken up for further discussion in the next meeting.....»»

Category: topSource: business-standardApr 25th, 2018

Arcelor bids higher than Numetal for Essar Steel; CoC to meet on Friday

Lenders to take haircut of 40% on ArcelorMittal's offer and 70% on Numetal's.....»»

Category: topSource: business-standardApr 24th, 2018

Essar Steel sale: Lenders may give time to Arcelor, Numetal to rectify bids

Committee of creditors (CoC) for Essar Steel to take call on bids after order by Ahmedabad bench of the National Company Law Tribunal (NCLT).....»»

Category: topSource: business-standardApr 23rd, 2018

News digest: Essar Steel sale, Flipkart-Walmart deal, TCS m-cap, and more

As India's largest software company Tata Consultancy Services' market cap surpassed the $100 billion mark.....»»

Category: topSource: business-standardApr 23rd, 2018

News digest: Metal prices, battle for Essar Steel, Air India sale, and more

Analysts expect cuts in corporate margins in the forthcoming quarters, given the negative correlation between metal prices and operating margins of domestic manufacturers.....»»

Category: topSource: business-standardApr 22nd, 2018