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Bandipora encounter, BJP's mega farmer session, steel firms' monopoly, happy birthday Amitabh Bachchan: DNA morning must reads

*2 terrorists gunned down, encounter still on in Jammu and Kashmir's Bandipora* Two terrorists were killed and three security personnel injured during an ongoing encounter in Jammu and Kashmir's..
DNA

DNA INVESTIGATION: Steel firms playing 'Monopoly', passing on cost to consumers

The steel sector in India often twists the natural order of demand and supply. Defying economic logic, five hugely debt-struck steel companies — owing Rs 1.4 lakh crore to banks and facing insolvency..
DNA

Forbes rich-list shows changing dynamics of Indian economy with Jio as lodestar

In the just-published India rich-list that captures the changing dynamics of the Indian economy, Reliance Industries chief Mukesh Ambani has retained his rank as the country's richest for the tenth..
DNA

India's rich get richer, Mukesh Ambani retains top slot:Forbes

Reliance Industries chief Mukesh Ambani today emerged as Indias wealthiest for the 10th straight year as his net worth swelled to USD 38 billion (nearly Rs 2.5 lakh crore) while the wealth of 100..
Deccan Herald

India: Case Note: Interpretation Of Section 7(5)(A) Of The Insolvency And Bankruptcy Code, 2016 - Singh & Associates

In the case of State Bank of India v. Essar Steel India Ltd., C.P (I.B) No. 40/7/NCLT/AHM/2017, the National Company Law Tribunal, Ahmedabad Bench has interpreted Section 7(5)(a) of the Insolvency and..
Mondaq

India: ESSAR STEEL Bankruptcy Saga: NCLT Takes A Firm Stance Yet Again - Nishith Desai Associates

The National Company Law Tribunal ("NCLT") admits the S.7i application against Essar Steel, moratorium on legal proceedings declared
Mondaq

Essar Steel seeks another Rs 1,000 crore loan to keep itself running

The interim resolution professional has urged banks to lift ‘tagging’ of its accounts and end the ‘trust and retention’ account practice. Banks may grant loan, but unlikely to ease curbs
IndiaTimes

India to impose anti-dumping duty on pre-painted, non-alloy steel from EU, China

India is expected to impose anti- dumping duty on imports of certain colour coated steel products from China and European Union to protect the interest of domestic players from below-cost in-bound..
DNA

India: Analysis Of Gujarat High Court Decision On Essar Steel India Limited Application - Singh & Associates

Essar Steel India Limited ("Essar/Company") had filed a petition before Hon'ble Gujarat High Court ("Hon'ble High Court") challenging the directions issued by Reserve Bank of India ("RBI")
Mondaq

Power2SME Signs MoU with NSIC to Empower MSMEs

power2sme signs mou with nsic to empower msmes
*Business Wire India* *Mr. Ravindra Nath, Chairman cum MD, NSIC and Mr. R. Narayan, Founder and CEO, Power2SME*India’s first ‘Buying Club’ for SMEs, Power2SME today signed a Memorandum of..
Business Wire India

Insolvency law aims at saving promoters not banishing them: FM

Finance Minister Arun Jaitley today assured debt-laden companies that the objective of the new insolvency law is not to banish them but to save them while ensuring that "debts are serviced". "The..
Deccan Herald

SC restrains Essar Steel from using 2.76 lakh sq m of Surat 'forest' land

Firm Accused Of Grabbing Land Near Surat
IndiaTimes

ArcelorMittal keen to spread wings in India

ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
Rediff.com

Bankers review progress of 12 large NPA accounts

The 12 accounts were- Essar Steel, Bhushan Steel, Electrosteel Steels, Amtek Auto, Bhusan Power and Steel, Alok Industries, Monnet Ispat and Lanco Infra, Era Infra, Jaypee Infratech, ABG Shipyard and..
IndiaTimes Also reported by •DNA

Ruias strike complex royalty deal with new owners of Essar Oil

The Essar-Rosneft deal is believed to be in the final stage. With Essar Oil about to change hands, Ruias are keen to retain their hold on Essar Steel.
IndiaTimes

FM introduces bill to replace Banking Regulation Ordinance

A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was today introduced in the Lok Sabha by Finance Minister Arun Jaitley. The Banking Regulation..
Deccan Herald

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


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