Rewant Ruia

Essar Steel Insolvency case: NCLAT asks Rewant to file affidavit over his association with Ravi Ruia

The National Company Law Appellate Tribunal also declined to allow the requests of Committee of Creditors (COC) of Essar Steel to open the second round of bids.

ArcelorMittal moves NCLT, challenges lenders' decision to reject its bid for Essar Steel

ArcelorMittal has challenged committee of creditors' last week decision to reject its bid for Essar Steel on technical grounds at Ahmedabad bench of NCLT

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

Lenders reject Numetal, ArcelorMittal bids for Essar Steel; open fresh round of auction by 2 April

SBI-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

Our Essar Steel bid legit, ready to buy out Rewant Ruia, says Mauritius-based Numetal

Numetal and ArcelorMittal are the only two bidders for the 10-million tonne Essar Steel assets at Hazira, which owe the banks more than Rs 45,000 crore.

ArcelorMittal, Numetal bids for Essar Steel recommended for rejection

Bids 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