Latest News on Essar Steel India
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Essar Steel India - Total results - 3
Mar 04, 2019
Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan duesAlok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.
Jan 07, 2019
Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banksEssar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. This repays entire Rs 31,500 crore of loans availed from these banks during 2008-14.
Jan 04, 2019
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hourWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays