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Essar Steel

Supreme Court orders status quo on Essar Steel's sale to ArcelorMIttal

Manufacturing

22 July, 2019

Supreme Court orders status quo on Essar Steel's sale to ArcelorMIttal

The Supreme Court on Monday put on hold the sale of debt-laden Essar Steel to ArcelorMittal for Rs 42,000 crore. A ......

Cabinet's changes to bankruptcy law spark hope for improved, faster resolutions

General

18 July, 2019

Cabinet's changes to bankruptcy law spark hope for improved, faster resolutions

The Cabinet’s approval of several changes to the bankruptcy law, such as increasing the resolution period to 330 days and ......

Premium
Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

Manufacturing

16 July, 2019

Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

A recent order of an appeals tribunal in a case involving the bankruptcy resolution of Essar Steel India Ltd has ......

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

Manufacturing

04 July, 2019

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......

Premium
Alvarez & Marsal's Nikhil Shah on rising dealmaking activity in stressed assets

Finance

31 May, 2019

Alvarez & Marsal's Nikhil Shah on rising dealmaking activity in stressed assets

Turnaround and restructuring specialist Alvarez and Marsal has been in the thick of the resolution proceedings initiated under India’s Insolvency ......

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

Healthcare

24 May, 2019

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

With the insolvency courts in recess, activity in the stressed assets segment was slightly subdued in the week gone by. ......

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

General

10 May, 2019

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

Large insolvency cases saw several twists and turns over the past week as lenders struggled to find investors for resolution ......

Stressed assets this week: Essar Steel case drags on; Jet may fly to NCLT

General

26 April, 2019

Stressed assets this week: Essar Steel case drags on; Jet may fly to NCLT

Developments in the stressed assets’ space have picked up pace, with large assets seeing changes at various levels, according to ......

Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus

General

12 April, 2019

Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus

The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system, has ......

Arcelor's wait for Essar Steel gets longer as SC steps in to resolve lenders' tiff

Infrastructure

12 April, 2019

Arcelor's wait for Essar Steel gets longer as SC steps in to resolve lenders' tiff

ArcelorMittal's wait to buy Essar Steel, and enter the domestic steel industry, just got longer. More than a month after the ......