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SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel [Read Judgment]

SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel [Read Judgment]

The Supreme Court Thursday granted one more opportunity to mining major ArcelorMittal and Russia's VTB Capital-backed NuMetal to bid for Essar Steel if they clear their Non-Performing Asset (NPA) dues ...

4 Oct 2018 6:00 AM GMT
[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC

[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC

'Lenders cannot be left hanging for forever', the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies,...

19 Sep 2018 4:18 PM GMT