Latest News on Uttam Galva
Showing of 0 - 10 from 12 results
Uttam Galva - Total results - 12
Oct 26, 2018
ArcelorMittal wins bid to buyout Essar Steel amid Ruias' last-ditch effort to retain control over companyThe world's largest steelmaker ArcelorMittal on Friday said it has been chosen by the lenders to takeover debt-laden Essar Steel India Ltd for about Rs 42,000 crore.
Oct 17, 2018
Essar Steel insolvency case: ArcelorMittal to pay Rs 7,469 cr to clear Uttam Galva, KS Petron duesAfter 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.
Sep 10, 2018
ArcelorMittal sweetens offer for Essar Steel; submits revised proposal to committee of creditorsWorld'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.
Sep 07, 2018
Essar Steel insolvency: NCLAT says second round of bids by NuMetal, Vedanta are validA two-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.
Jul 19, 2018
NCLAT reserves order on Numetal and ArcelorMittal pleas over debt-ridden Essar Steel bidsNumetal's eligibility is linked to the shareholding of Arora Enterprises Ltd (AEL), (beneficially owned by Rewant Ruia) which has already exited from Numetal.
Jul 17, 2018
Essar Steel Insolvency case: NCLAT asks Rewant to file affidavit over his association with Ravi RuiaThe 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.
Jul 11, 2018
IBC: Eligible to bid for Essar Steel as not a promoter of Uttam Galva, KSS Petron, says ArcelorMittal to NCLATArcelorMittal and Numetal have filed petitions in the NCLAT challenging the disqualification of their first round of bids.
Jul 02, 2018
Essar Steel insolvency: Numetal questions ArcelorMittal's eligibility to bid for debt-ridden company under IBCNumetal said ArcelorMittal should have first cleared dues by making upfront payment before submitting its resolution plan for Essar Steel
May 17, 2018
NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids openedEssar Steel is being auctioned after the company defaulted on payment of about Rs 49,000 crore loan to lenders.
Apr 27, 2018
Company law appellate tribunal agrees to hear NuMetal, ArcelorMittal petition in Essar Steel caseEssar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year