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JSW to revise bid for Monnet, Essar steel not ruled out

JSW Group today said it is putting a revised offer for Monnet Ispat, which has been admitted at the National Company Law Tribunal and is facing bankruptcy proceedings.
DNA

NCLT allows Essar Steel to file objections to SBI, SCB pleas

The National Company Law Tribunal (NCLT) today allowed Essar Steel to file objections to petitions moved by the State Bank of India (SBI) and the Standard Chartered Bank (SCB) to initiate insolvency..
DNA

Insolvency proceedings to begin against Essar Steel

Gujarat High Court junks company's plea against RBI initiative
DNA

Banks can move NCLT against Essar Steel

Gujarat High Court clears insolvency proceedings against steel company; ask central bank not to give directions to judicial authorities
DNA

HC refuses to stay Rs 45k cr Essar Steel insolvency case


IndiaTimes

Gujarat High Court junks Essar Steel plea against RBI's insolvency order

With debt of over Rs 45,000 crore, lenders should be allowed to have their discretion to take legal steps to recover the amount.
DNA

Warranted time to complete debt restructuring: Essar Steel

With the Gujarat High Court dismissing Essar Steel's plea against RBI's insolvency order, the company today said it should have been given time to complete its debt restructuring.
DNA

HC rejects Essar Steel's plea on insolvency

The Gujarat High Court on Monday dismissed Essar Steel's writ petition challenging the insolvency proceedings brought against it by a consortium of banks on RBI directives. The RBI directed the..
Deccan Herald Also reported by •IndiaTimes

DNA Evening reads: Prez Polls; a cop transferred for doing her job; Didi talks tough and more

-*DIG Roopa, who exposed VVIP treatment to Sasikala, transferred*- Less than a week after Bengaluru's Deputy Inspector General (Prisons) Roopa D Moudgil alleged special treatment in jail to AIADMK..
DNA

Gujarat HC rejects Essar Steel's plea against RBI circular on corporate bad loans

Major win for Centre.
DNA

Gujarat HC dismisses Essar Steel appeal against bankruptcy proceedings

The ruling is a boost to the government, which in May tweaked Indian banking laws to empower the Reserve Bank of India (RBI) to tackle the country's bad debt issue, allowing the RBI for the first time..
IndiaTimes Also reported by •Reuters IndiaSify

BRIEF-India's Gujarat High Court dismisses Essar Steel's petition against RBI - TVs

July 17 (Reuters) -
Sify

Essar Steel not singled out for insolvency: RBI

Central bank says big defaulters being taken through structured process
DNA

DNA Morning Must Reads: Updates on Sikkim stand-off, Reliance Jio customers' info exposed, Salman Khan on 'Tiger Zinda Hai', and more

-1. Sikkim stand-off: Indian Army readies for a long haul in Doklam, pitches in tents- India has begun consolidating its position for a "long haul" by pitching tents and getting additional troops..
DNA

DNA Money Exclusive: ArcelorMittal, Essar Steel Minnesota to settle $1 billion US dispute

ArcelorMittal has agreed to a compromise with Essar Steel Minnesota, lowering the claim by 40% to $605 million
DNA

Already restructuring, stop insolvency actions: Essar Steel

The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code.
DNA

Have zero tolerance on NPAs; fight cases: Finmin to banks

Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight..
DNA


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