 "Essar Steel")
NCLT says Ruias' Rs 54,000-cr bid not 'maintainable'; Essar may move NCLAT
In a major setback for the Ruia family, the promoters of insolvent Essar Steel, the National Company Law Tribunal’s (NCLT’s) Ahmedabad Bench on Tuesday rejected the plea of its majority shareholder, Essar Steel Asia Holding Ltd (ESAHL), to submit a settlement proposal. Read on...
DHFL diverted Rs 31,000 crore loans to promoter firms, says Cobrapost
Media outlet Cobrapost on Tuesday alleged Dewan Housing Finance Corporation (DHFL) had diverted loans worth Rs 31,000 crore — a charge the company termed “mischievous”. Read on...
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