Numetal

GPI Textiles' resolution professional writes to Essar Steel lenders, wants ArcelorMittal to pay its dues

ArcelorMittal has reportedly agreed to pay a total of Rs 50,000 crore to acquire Essar Steel

Anil Agarwal indicates he is open to raising bid for Essar Steel, says Vedanta best suited to take over indebted firm

Anil Agarwal said Vedanta's Rs 35,000-36,000 crore offer in the first round of bidding for Essar Steel was the highest in the three-way race for Essar Steel that lenders are auctioning to recover about Rs 50,800 crore of overdue loans

Essar Steel insolvency case: ArcelorMittal to pay Rs 7,469 cr to clear Uttam Galva, KS Petron dues

After losing their case in NCLT and NCLAT, ArcelorMittal had moved the Supreme Court, which on 4 October had allowed them to bid for Essar Steel provided they cleared their dues to their lenders.

Competition Commission of India approves ArcelorMittal's acquisition of debt-ridden Essar Steel

Earlier this month, ArcelorMittal had offered Rs 42,000 crore to acquire Essar Steel, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.

No communication received from ArcelorMittal with regard to modalities of payment: Uttam Galva

ArcelorMittal had submitted a revised offer for Essar Steel which also included a commitment to pay Rs 7,000 crore dues to the financial creditors of Uttam Galva and KSS Petron to be eligible in the race to acquire the debt-laden firm.

Essar Steel bid: Russia's Numetal raises loan defaults by firms of Lakshmi Mittal's brothers

Numetal and ArcelorMittal are locked in fierce takeover battle of Essar Steel and two are in the Supreme Court over bidding qualification.

ArcelorMittal sweetens offer for Essar Steel; submits revised proposal to committee of creditors

World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders on Monday.

Essar Steel insolvency: NCLAT says second round of bids by NuMetal, Vedanta are valid

A two-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.

NCLAT reserves order on Numetal and ArcelorMittal pleas over debt-ridden Essar Steel bids

Numetal's eligibility is linked to the shareholding of Arora Enterprises Ltd (AEL), (beneficially owned by Rewant Ruia) which has already exited from Numetal.

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.