 "Essar")
The Gujarat high court on Wednesday heard Essar Steel’s plea against insolvency proceedings initiated against it at the National Company Law Tribunal (NCLT) by its lenders after being directed by the Reserve Bank of India (RBI).
During an elaborate hearing today, Essar Steel said the company was in final stage of talks with JLF to restructure debt and is on a recovery path.
It defended its case saying, the company may come to a halt if management replaced with interim insolvency professional.
While arguing its case, Essar said, "SBI was close to finalising contours of debt restructuring on
During an elaborate hearing today, Essar Steel said the company was in final stage of talks with JLF to restructure debt and is on a recovery path.
It defended its case saying, the company may come to a halt if management replaced with interim insolvency professional.
While arguing its case, Essar said, "SBI was close to finalising contours of debt restructuring on
