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Essar Steel Insolveny

Ramping up capacity critical for ensuring good valuation: Essar's RP Satish

Essar Steel resolution professional Satish Gupta, who managed the insolvency process for more than two years, tells Ishita Ayan Dutt about the challenges and mandat

Ramping up capacity critical for ensuring good valuation: Essar's RP Satish
Updated On : 17 Dec 2019 | 12:25 AM IST

SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up
Updated On : 15 Dec 2019 | 9:30 PM IST

Ruling in Essar case a watershed moment in insolvency law, says IBBI chief

The Insolvency and Bankruptcy Code, 2016 envisages closure of a corporate insolvency resolution process in a time-bound manner

Ruling in Essar case a watershed moment in insolvency law, says IBBI chief
Updated On : 24 Nov 2019 | 11:27 PM IST

ArcelorMittal hopes to close deal for Essar Steel acquisition in Q3

On July 4, 2019, the NCLAT approved our resolution plan for the acquisition of Essar Steel India

ArcelorMittal hopes to close deal for Essar Steel acquisition in Q3
Updated On : 01 Aug 2019 | 10:18 PM IST