Essar Steel Sale

SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel

Apex court relaxes 330-day timeline for resolving stressed assets by diluting its mandatory nature

Essar Steel lenders to give time to bidders to cure ineligibility

ArcelorMittal may have to clear outstanding dues totalling Rs 70 billion, if it wishes lay its claim as an eligible bidder

Essar Steel sale: Lenders must negotiate with chosen bidder, says Arcelor

ArcelorMittal has already written to the State Bank of India and said that it would repay all dues

Battle for Essar Steel: Numetal may move tribunal ahead of lenders' meet

Legal sources close to Numetal said if the bids were rejected on commercial terms then the 30-day cure period could be circumvented

Essar Steel sale: Lenders may give time to Arcelor, Numetal to rectify bids

Committee of creditors (CoC) for Essar Steel to take call on bids after order by Ahmedabad bench of the National Company Law Tribunal (NCLT)