Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. Photograph: Vivek Prakash/Reuters They also ended up......
Seeking ArcelorMittal be declared ineligible to bid for Essar Steel, the petition cited Section 29A of the Insolvency and Bankruptcy Code which bars promoters of defaulting companies from bidding......
Around 241 companies were sent for liquidation under the IBC by various NCLT benches and in only 58 cases have the resolution plans been accepted Illustration: Dominic Xavier/Rediff.com The......
Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds. ArcelorMittal has......
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. But the new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these......