Latest News on Arcelormittal
Showing of 0 - 10 from 73 results
Arcelormittal - Total results - 73
Apr 12, 2018
ArcelorMittal hits out at JSW Steel, calls decision on Monnet Ispat 'mockery'JSW Steel in a statement said it has declared as qualified resolution applicant as per the provisions of section 29(A) of Insolvency and bankruptcy code (IBC) 2016.
Apr 02, 2018
Uttam Galva minority shareholders accuse ArcelorMittal of indulging in 'illegalities' in connivance with banksThe development comes before the second round of bidding for debt-laden Essar Steel, which ArcelorMittal had bid for in the first round on 12 February
Mar 27, 2018
Essar Steel: 'We wanted to re-enter but are not eligible to bid again,' says Sajjan JindalJSW Steel is not eligible to participate in the re-bidding process for bankrupt Essar Steel as bankers have decided to allow only those who submitted expressions of interest for the first round of bidding,
Mar 26, 2018
ArcelorMittal moves NCLT, challenges lenders' decision to reject its bid for Essar SteelArcelorMittal has challenged committee of creditors' last week decision to reject its bid for Essar Steel on technical grounds at Ahmedabad bench of NCLT
Mar 23, 2018
Luxembourg-based ArcelorMittal plans to rebid for Essar Steel in second round of biddingThe SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal -- SPV floated by Russian lender VTB Bank and Rewant Ruia -- finding them ineligible under the IBC (Insolvency Bankruptcy Code) laws that debar related parties from bidding
Mar 22, 2018
Lenders reject Numetal, ArcelorMittal bids for Essar Steel; open fresh round of auction by 2 AprilSBI-led consortium of lenders to Essar Steel on Wednesday rejected the bids by both Numetal as well as ArcelorMittal after finding them to be ineligible
Mar 21, 2018
Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittalThe State Bank-led consortium of lenders to Essar Steel on Wednesday rejected the bids by both Numetal as well as ArcelorMittal after finding them to be ineligible under the amended Insolvency & Bakruptcy Code that debars related parties from bidding
Feb 20, 2018
ArcelorMittal, Numetal bids for Essar Steel recommended for rejectionBids by ArcelorMittal and a consortium led by Russia's VTB Group for acquiring debt-laden Essar Steel are said to have been recommended for rejection by the adviser evaluating the offers, sources privy to the development said
Feb 13, 2018
Essar Steel Insolvency: ArcelorMittal, Numetal Mauritius only bidders for bankrupt firmEssar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.
Feb 06, 2018
German union accepts Thyssenkrupp-Tata Steel guarantees ahead of planned mergerNevertheless, workers' acceptance of the guarantees does not mean the deal can immediately go ahead.