Essar Steel lenders urge NCLAT to expedite resolution process

Jul 11 2018

Lenders to Essar Steel today urged the NCLAT to complete its insolvency resolution process in "quick" time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore.

ArcelorMittal seeks disqualification of NuMetal bid for Essar Steel

Jul 05 2018

Locked in a direct fight to acquire Essar Steel, ArcelorMittal today sought disqualification of Russia's VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in concert with delinquent promoters of Essar group.

NCLAT adjourns hearing on NuMetal, ArcelorMittal pleas till Jul 2

May 30 2018

NCLAT adjourned till July 2 the hearing over the appeals filed by Essar Steel resolution applicants NuMetal and Arcelor Mittal.

Lenders move NCLAT for early hearing in Essar Steel case

May 25 2018

Essar Steel lenders have moved NCLAT seeking an early hearing of appeals filed by suitors for the insolvency-bound firm.

NCLAT asks RP, lenders, NCLT to hold order on Essar Steel

May 22 2018

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

Essar Steel: 'Will be surprised if ArcelorMittal is ineligible'

May 07 2018

Mittal has said he would be surprised if ArcelorMittal, the world's largest steelmaker, is declared ineligible to participate in the bid for Essar Steel.

Will be surprised if ArcelorMittal ineligible for Essar Steel bid

May 07 2018

ArcelorMittal, last week, had said that "a swift decision" on the case will be in the best interest of all stakeholders.

Swift decision on Essar in stakeholders' interest: ArcelorMittal

May 04 2018

Terming his company the most credible owner of Essar Steel, Aranha said ArcelorMittal viewed Essar acquisition as a compelling opportunity for the company.

Essar Steel: NCLAT agrees to hear NuMetal, ArcelorMittal petition

Apr 27 2018

NCLAT agreed to hear on May 17 cross petitions filed by Essar Steel bidders, NuMetal Ltd and ArcelorMittal India Ltd, challenging eligibility criteria.

Vedanta, ArcleorMittal, Numetal-JSW submit plan for Essar Steel

Apr 02 2018

Vedanta, ArcleorMittal and Numetal along with JSW today submitted resolution plans for the debt-laden Essar Steel in the second round of bidding, sources said.

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