Electrosteel

New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report

"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said

Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'

The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC

Tackling NPAs: Banks to kick off insolvency of Bhushan Steel, Essar Steel, Electrosteel; total loan Rs 92,000 cr

These three borrowers are among the 12 accounts identified by the Reserve Bank for immediate reference to National Company Law Tribunal