Prashant Ruia, the promotor of debt-ridden Essar Steel, Wednesday submitted before the National Company Law Appellate Tribunal that the resolution plan moved by ArcelorMittal is in violation of the... Read more »
Steel giant ArcelorMittal Thursday reported more than a 66 per cent drop in its net income to $0.4 billion for the quarter ended March 31, 2019. The world’s largest... Read more »
Operational creditors that were to receive Rs 214 crore from the Essar Steel debt resolution plan submitted by ArcelorMittal, could net an additional Rs 1,000 crore, reports Business Standard. Operational creditors... Read more »
The lenders of Essar Steel on Wednesday said that the National Company Law Appellate Tribunal (NCLAT) and meeting of the Committee of Creditors of the debt-ridden firm is going... Read more »