Essar Steel Insolveny

Essar Steel resolution professional Satish Gupta, who managed the insolvency process for more than two years, tells Ishita Ayan Dutt about the challenges and mandat

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

The Insolvency and Bankruptcy Code, 2016 envisages closure of a corporate insolvency resolution process in a time-bound manner

On July 4, 2019, the NCLAT approved our resolution plan for the acquisition of Essar Steel India