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Thursday, September 25, 2025
TopicEssar Steel

Topic: Essar Steel

Bastar tribals back CM Baghel’s move, oppose privatisation of NMDC steel plant

Raipur: The tribal leaders in Chhattisgarh’s Bastar are planning to join forces to protest the privatisation plans of the under-construction NMDC Iron and Steel...

Morgan Stanley sees hope for Indian banks after SC cleared Essar Steel purchase

SC ruling allowing ArcelorMittal’s purchase of Essar Steel puts banks in better position to get money back from insolvent companies, Morgan Stanley says.

Common sense wins in Essar Steel bankruptcy case, eases private equity fears

Essar verdict will rekindle hope in integrity of India’s bankruptcy process, but it will take a lot more work to allay concerns about its effectiveness.

Why Essar Steel insolvency case is back in Supreme Court, mocking hope of swift resolution

Since the first RBI order in June 2017, the Essar Steel insolvency case has shuttled between NCLT, Gujarat HC, NCLAT and the Supreme Court.

Supreme Court puts ArcelorMittal’s $6.1 billion purchase of Essar Steel on hold

Essar Steel was auctioned under the new Insolvency & Bankruptcy Code to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.

Why the Essar Steel case pushed Modi govt to give more teeth to bankruptcy code

Insolvency and Bankruptcy Code allows 180 days for insolvency proceedings, with one 90-day extension. Essar Steel resolution has crossed 600 days.

Essar insolvency ruling is a big blow to Modi govt’s signature reform

Insolvency judges’ ruling that Essar creditors whose claims are backed by collateral won’t get preferential treatment can badly damage India’s debt market.

SBI-led bank lenders warn of risks to India from Essar Steel sale approval

Banks are opposed to certain terms of the Essar Steel sale, which, they say, could lead to higher lending rates, further affecting India's credit woes.

Supreme Court stops ArcelorMittal’s payments to Essar

New Delhi: India’s top court stopped ArcelorMittal from making a payment to lenders to buy Essar Steel India Ltd., extending billionaire Lakshmi Mittal’s wait...

Essar case shows Bankruptcy Code is another Indian law ruined by endless litigations

The right measure to evaluate the IBC is not the yardstick of what happened under SICA or DRT laws, but what is happening now – a 270-day deadline for resolving cases.

On Camera

Bads of Bollywood brought Emraan Hashmi out of our guilty pleasure closet, made him cool

With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

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.

‘Agni’ on the move—India successfully test-fires Agni-Prime nuclear missile from a train

With the latest test, India has the capability to launch a nuclear missile from under the sea, surface, air, and now from a railway network.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

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.