Supreme Court Halts Arcelor’s Payment for Essar Steel
India’s top court stopped ArcelorMittal from making a payment to lenders to buy Essar Steel India Ltd., extending billionaire Lakshmi Mittal’s wait to enter the...
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Tata Steel Output Rose After Bhushan Steel Purchase
Tata Steel Ltd. becomes the country’s biggest producer as Indian steel output rose to a record high in its latest financial year after the 2018...
ArcelorMittal Prepare India Team To Run Essar Steel
A homecoming of sorts for Lakshmi Mittal, as ArcelorMittal is inching closer to its first acquisition in India. The Luxembourg-based steel giant is readying its...
RCom Against Closing Insolvency Plea Ericsson wants it Withdrawn
The Reliance Communication and Ericsson strain carried over in the Supreme Court with the Swedish company called for the closing of the insolvency proceedings started...
Ericson Against Rcom: Round Two Starts At The Supreme Court
Today in the Supreme court the second act in the Reliance communications versus Ericson saga had started. The Anil Ambani-group company sought to take off...
Essar Steel Over Doling Out Money Meets The Committee Of Creditors
The distribution of Rs. 42000 crore coming from the resolution plan of global steel major ArcelorMittal has to be carried out, Essar Steel lenders informed...
Essar Steel lenders revolving around the options after NCLAT advice
Out of all the options, Creditors to Essar steel are weighing three options, one of which has to be reported before an appellate bankruptcy court...
NCLAT Asks Ruias To First Clear The Debts To Get It's Bid Considered
Ruia family had to clear all the debts to get its bid considered of Rs. 54,389 crore resolution plan for Essar Steel, told by an...
Ruia draw NCLAT To Balk ArcelorMittal's Buying Of Essar Steel
NCLT Ahmedabad had approved the lenders plan to global steel giant ArcelorMittal to take over Essar steel. NCLT has suggested that the payment of 42,000...
MSTC To Launch Its Initial Public Offer (IPO)
MSTC Ltd. which is an e-commerce company for the government of India is set to launch its initial public offer for three days from March...