 "Digest")
NCLAT okays Numetal's Essar Steel bid, directs ArcelorMittal to clear dues
The National Company Law Appellate Tribunal (NCLAT) ruled on Friday that Numetal's second bid to acquire debt-laden Essar Steel was valid and directed ArcelorMittal to clear its dues on account of defaulting firms by September 11 to be an eligible bidder, in what appears to be a blow to the LN Mittal-led company. Read more
IL&FS board decides to seek a loan of Rs 30 billion from LIC and SBI
In an emergency meeting on Friday, the board of Infrastructure Leasing & Financial
The National Company Law Appellate Tribunal (NCLAT) ruled on Friday that Numetal's second bid to acquire debt-laden Essar Steel was valid and directed ArcelorMittal to clear its dues on account of defaulting firms by September 11 to be an eligible bidder, in what appears to be a blow to the LN Mittal-led company. Read more
IL&FS board decides to seek a loan of Rs 30 billion from LIC and SBI
In an emergency meeting on Friday, the board of Infrastructure Leasing & Financial
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