SC ruling allowing ArcelorMittal’s purchase of Essar Steel puts banks in better position to get money back from insolvent companies, Morgan Stanley says.
The Supreme Court allowed ArcelorMittal to complete its acquisition of Essar Steel India Ltd. by setting aside NCLAT’s order that gave secured and unsecured creditors equal right over sale proceeds.
Conservative clerics warned Muslims against garba as impermissible; now Hindu right-wing groups call their presence provocative—different reasons, same outcome.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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