Insolvency Bankruptcy Code

First half of 2019 likely to be volatile, but stronger macros signal positive equity market move

The rural consumption thesis holds strong for the economy with over 50 percent contribution to India’s GDP and around 50 percent contribution towards consumption.

Essar Steel Insolvency case: Aurora Enterprises would have no control over firm, says Numetal to NCLAT

NCLAT had earlier asked for confirmation that Rewant Ruia as a shareholder of Numetal through AEL does not have a business or financial relation with Ravi Ruia for the purposes of Numetal's bid.

IBC: Eligible to bid for Essar Steel as not a promoter of Uttam Galva, KSS Petron, says ArcelorMittal to NCLAT

ArcelorMittal and Numetal have filed petitions in the NCLAT challenging the disqualification of their first round of bids.

ArcelorMittal seeks disqualification of Russia's VTB Capital-backed NuMetal's bid for Essar Steel acquisition

Locked in a direct fight to acquire Essar Steel, ArcelorMittal on Thursday sought disqualification of Russia's VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in concert with delinquent promoters of Essar group

Essar Steel insolvency: Numetal questions ArcelorMittal's eligibility to bid for debt-ridden company under IBC

Numetal said ArcelorMittal should have first cleared dues by making upfront payment before submitting its resolution plan for Essar Steel

Vedanta asks NCLAT to lift stay on sale of debt-ridden Electrosteel, says order causing losses to lenders

Vedanta Ltd asked National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over sale of debt-ridden Electrosteel Steel

L&T registers 4.72% jump in Q4 consolidated net profit to Rs 3,167 crore, revenue at Rs 40,678 crore

Infrastructure giant L&T registered 4.72 percent jump in consolidated net profit to Rs 3,167.47 crore for the fourth quarter ended 31 March, 2017-18

Uttam Galva minority shareholders accuse ArcelorMittal of indulging in 'illegalities' in connivance with banks

The 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

Luxembourg-based ArcelorMittal plans to rebid for Essar Steel in second round of bidding

The 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