The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Ahmedabad bench of the National Company Law Tribunal (NCLT) to pass an order by January 31 on the resolution of the debt-ridden Essar Steel.
Hours after JSW Steel Chairman and Managing Director Sajjan Jindal said that the Ruia family should be given a chance to regain control of Essar Steel, ArcelorMittal has hit back.
The possibilities of further delays in debt resolution under the Insolvency and Bankruptcy Code (IBC) and the need to free up capital is being cited as among the reasons for the State Bank of India’s (SBI)
Infosys, State Bank of India and GIC Re feature in the list of companies whose employees face potential hits to their retirement savings, with pension funds at these entities investing in various debt papers of the troubled infrastructure financier IL&FS.
The Central Pollution Control Board has asked Reliance industries why a fine of Rs 1 crore should not be slapped on it and prosecution not initiated over non compliance of National Green Tribunal
SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. “State Bank of India (SBI) invites expression of interest (EoI) from banks/ARCs/NBFCs/FIs for the
Vedanta’s War With TNPCB At Tipping Point, Sterlite Writes To The Board And Urges It To Implement SC Verdict
After a lengthy legal battle with the Tamil Nadu Government and activists, Sterlite Copper, which is owned by Vedanta group, sought implementation of a Supreme Court order that upheld the decision by the National Green Tribunal
JSW Steel, which came from behind to surge ahead of the Tatas in the race for Bhushan Power and Steel Ltd (BPSL) with an offer of Rs 19,700 crore, is unlikely to face competition in its bid to acquire the stressed asset with the Tatas unwilling to raise their original offer.
Tamil Nadu: Sterlite Copper Unveils Six Public Welfare Projects Worth Rs 100 Crore In Thoothukudi District
Delivering on its commitment made during the National Green Tribunal (NGT) hearing last month (December 2018), Sterlite Copper, yesterday (11 January 2019), announced six projects of around Rs 100 crore for public welfare
A consortium of bankers approved the resolution plan submitted by Royale Partners to acquire Essar Group’s EPC Constructions, preferring the Mauritius investment fund over steel giant ArcelorMittal.