Uttam Galva

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: 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.

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.

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

NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids opened

Essar Steel is being auctioned after the company defaulted on payment of about Rs 49,000 crore loan to lenders.

Company law appellate tribunal agrees to hear NuMetal, ArcelorMittal petition in Essar Steel case

Essar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year

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

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.