Uttam Galva Steels

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra

NCLT approves resolution plan by Arcelor affiliate for Uttam Galva

Resolution amount was Rs 4,020 cr as per the plan

ArcelorMittal bets big on insolvent firms to build its India empire

World's largest steel co set to buy Uttam Galva

Uttam Galva Steels net loss soars to Rs 59 crore in December quarter

Uttam Galva Steels Limited posted a consolidated net loss of Rs 59.64 crore during the third quarter ended on December 31, 2021.

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

Uttam Galva Steels hits 5% upper circuit as ArcelorMittal may bid for Co

The NCLT Mumbai Bench on October 1 admitted a petition filed by State Bank of India (SBI) under the Insolvency and Bankruptcy Code (IBC), according to a report.

ArcelorMittal likely to bid for Uttam Galva after its admission to NCLT

ArcelorMittal had taken a bulk of Uttam Galva's debt to become eligible for the Essar Steel bid under the insolvency law and became a significant financial creditor

ArcelorMittal's funding fails to lift Uttam Galva Steels fortunes

Mittal's payment to banks came after the Supreme Court asked the company to pay overdues

State Bank of India withdraws insolvency plea against Uttam Galva Steels

UGSL, along with 27 others, was in the second list of companies identified by the Reserve Bank of India for debt resolution

Insolvency process: Essar Steel litigation delays Uttam Galva resolution

Banks don't want to wait indefinitely for the resolution of Uttam Galva Steel Limited as the Essar Steel case is expected to be appealed before the Supreme Court by both or either of the bidders

Insolvency: Miglani family offers to repay entire dues of Uttam Galva

NCLT will hear the offer made by the Miglani family on Wednesday

Uttam Galva Steels offers to pay back full default amount of Rs 52 billion

Uttam Galva had earlier made a one-time settlement offer of Rs 28.85 bn

State Bank of India rejects out-of-court settlement for Uttam Galva

Uttam Galva was admitted for proceedings under IBC on March 15

Minority shareholders of Uttam Galva allege violation of loan agreement

Arcelor terms latest challenge as trivial attempt to muddy the waters

Road to insolvency: SBI to take a call on Uttam Galva offer this month

As of now, the lenders have achieved limited success in resolution of the top 40 cases identified by the Reserve Bank of India

Breakthrough seen in SBI's offer to take 50% haircut for Uttam Galva

The SBI offer is good news for all companies as it shows that banks are willing to settle the matter, said Mumbai-based lawyer

Uttam Galva Steels plans to reduce risk as it faces insolvency proceedings

A supplier, DF Deutsche Forfait, had filed insolvency proceedings against it at NCLT