Liberty House

Business Secretary Kwasi Kwarteng has been in crisis talks with the firm since the collapse of its biggest lender, Greensill Capital, put nearly 5,000 jobs at risk

Sanjeev Gupta's Liberty Steel UK plans to restart steelmaking next week and continues to seek new funding after its main financial backer Greensill Capital went into insolvency, it said on Monday

The Ludhiana-born British Indian's GFG Alliance, Britain's third-biggest steel company, employs 35,000 people from the United Kingdom to Australia

Sanjeev Gupta acquired a burgeoning UK empire in five years; in India, he has secured a one-million-tonne plant after two years of trying

In a Q&A, the executive chairman of the group dwells on the initial frustrations while entering India, and the road ahead

Liberty Steel as part of the GFG Alliance is a global group of energy, mining, metals, engineering, logistics and financial services businesses

The Supreme Court, while agreeing to hear the IBBI, said there would be no persecution of Liberty House group for now

The principal bench of NCLT had also questioned Liberty House's bona fides and said that those who participate in the resolution process must be serious customers

The lenders have opted for liquidation after rejecting two successive bids by London-based metals player Liberty House group

The Liberty House counsel brought to the attention of the NCLT that the MSTC issues were pending, which would have a material bearing on the present matter

The Group has alleged that misrepresentations of facts and other mistakes have affected the valuation of insolvent Amtek Auto, for which it had successfully bid

Liberty House has bagged insolvent Amtek Auto and Adhunik Metaliks in India

Sanjeev Gupta-led Liberty House was to pay lenders Rs 48.1 billion by October, according to the resolution plan

UK-based Liberty House was a bidder for ABG Shipyard and Bhushan Power and Steel and managed to win two assets in the insolvency process- Amtek Auto and Adhunik Metaliks

With Amtek, Liberty House bags another NCLT-listed asset after Adhunik Metaliks

Adhunik Metaliks had been in corporate insolvency resolution process since August last year

Appearing for Tata Steel, senior advocate Abhishek Manu Singhvi submitted before the NCLT that Liberty House had hidden facts in their petition filed before it

Liberty House, part of Sanjeev Gupta's global industrial group GFG Alliance, has been chosen as highest preferred bidder for Amtek Auto Pvt Ltd assets which include 35 automotive component plants across India, Japan, Thailand and Spain, employing 6,000 people.The announcement of Liberty as the successful preferred bidder was made in the committee of creditors meeting held on 6 Mar 2018 and confirmed by the Resolution Professional on 7 Mar 2018. This follows the corporate insolvency resolution process (CIRP) of Amtek Auto which began on 24 July 2017. Amtek Auto is one of the 12 large insolvency cases which the key lenders took to insolvency resolution process under NCLT (National Company Law Tribunal) in India."This is a very proud moment for GFG and for my family. We are very excited about this opportunity to restore a great Indian business to its rightful position and add a major new asset portfolio to our international network. This business will be the cornerstone of our strategy ..

Sanjeev Gupta-led Liberty House is arguing that his company's offer got rejected without being reviewed

Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm