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Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel
The Ruias are considering bidding for Essar Steel, with the Lok Sabha passing amendments to the Insolvency and Bankruptcy Code. To make their bad loan accounts operational, the promoters of Essar Steel must pay banks overdue interest, including penalty, of Rs 30-35 billion, sources said. (Click here to read more)
What are shell companies? Govt to lay down guidelines by Jan-end
The Ruias are considering bidding for Essar Steel, with the Lok Sabha passing amendments to the Insolvency and Bankruptcy Code. To make their bad loan accounts operational, the promoters of Essar Steel must pay banks overdue interest, including penalty, of Rs 30-35 billion, sources said. (Click here to read more)
What are shell companies? Govt to lay down guidelines by Jan-end
The government will come up with a proper definition of what a shell company is by the end of this
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