Page 5 - Essar Steel

Essar Steel clocks in highest ever production at 6.8 million tonnes

Essar Steel has a steel making capacity of close to 10 million tonnes that is supported by a 20 million tonne pellet-making capability

NCLAT can't force us to change approved resolution plan: Essar Steel CoC

The lenders to debt-ridden Essar Steel had approached the apex court on Monday challenging the NCLAT's March 18 and March 20 orders

Deutsche, SBI oppose more cash to operational creditors of Essar Steel

Last week in a meeting of the committee of creditors, lenders agreed to set aside Rs 1,000 crore more for operational creditors

Operational creditors face Shakespearean dilemma in Essar Steel insolvency

The challenge for RPs is to determine how to keep the company a 'going concern' without giving in to all the demands from operational creditors

Essar Steel lenders unlikely to get ArcelorMittal payment by March 31

CoC meeting on redistribution of funds, payment to StanChart currently underway, to conclude by Friday

NCLAT directs fresh Essar Steel CoC meet on funds distribution

Appellate tribunal refuses to stay implementation of Arcelor's plan

ArcelorMittal gets NCLAT's conditional nod for Rs 42,000-cr Essar Steel bid

RP to ensure company remains a going concern, to start implementation of plan, says NCLAT

NCLAT gives conditional nod to ArcelorMittal's Rs 42k-cr Essar Steel plan

The bench said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company

StanChart may gain after NCLAT asks Essar CoC not to discriminate

StanChart said it was being offered 1.7 per cent of its total dues from Essar's resolution plan, while other financial creditors, forming part of the CoC, were getting 85 per cent of their dues

NCLAT asks ArcelorMittal to consider revising bid for Essar Steel

Appellate tribunal observations came during Essar promoters' plea against NCLT approval for ArcelorMittal plan

Three former Essar Steel directors move NCLAT against NCLT order

Dissenting financial creditor Standard Chartered also moves NCLAT challenging NCLT's Friday order

Ex-Essar Steel directors approaches NCLT against ArcelorMittal takeover

Standard Chartered Bank has also approached the appellate tribunal against the order

Bankruptcy court clears ArcelorMittal's takeover of Essar Steel: TV Reports

The National Company Law Tribunal (NCLT) approved steel giant ArcelorMittal SA's takeover bid for debt-ridden Essar Steel.

Essar Steel Insolvency: NCLT rejects RIL's plea opposing Arcelor bid

However, two-member bench upholds RIL's plea by directing Essar Steel's resolution professional to consider its claims for dues worth Rs 16 crore

NCLAT directs NCLT to pass orders in Essar Steel insolvency case by Feb 28

Reserving its order on the objections raised by operational creditors, NCLT Ahmedabad has asked all of them to give a written submission by Feb 13

StanChart getting more than two times its share: Essar Steel CoC to NCLT

Essar Steel had defaulted on its guarantee for Standard Chartered's loan to its Mauritius-based subsidiary Essar Steel Offshore worth Rs 3,700 crore

Ruia, Essar Steel directors move NCLT to quash ArcelorMittal's takeover bid

The petition was moved on February 1 before the NCLT Ahmedabad bench and is likely to come up for hearing on Tuesday

NCLT says Ruias' Rs 54,000-cr bid not 'maintainable'; Essar may move NCLAT

The order comes after the NCLAT last week directed the NCLT to decide on the ArcelorMittal resolution plan by January 31

NCLT says banks not wrong in rejecting Essar Steel settlement plan: Report

TV channels also reported that the country's bankruptcy court said billionaire owner Ruia brothers' Rs 54,389 crore settlement plan for the steel maker is not 'maintainable.'

SBI pushes Essar Steel auction deadline to Feb 11 on developments at NCLAT

The appellate tribunal has directed the Ahmedabad Bench of NCLT to pass an order on the insolvency resolution of Essar Steel on Jan 31