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India’s insolvency challenge: Is a resolution in sight?

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India’s insolvency challenge: Is a resolution in sight?
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The auction of debt-laden Essar Steel Ltd suffered a setback Wednesday after its committee of creditors said that ArcelorMittal India and Numetal Mauritius were not eligible to bid under the Insolvency and Bankruptcy Code (IBC), and decided to reject their takeover attempt. This, necessitated fresh bids.Earlier in the week, the ......

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