Investigation into Speciality Steels began in 2016 after a lapse in procedures at the steelmaker was discovered through an internal audit. At the time, it was owned by Tata Steel.
During his tenure as the NCLAT chief, Justice Mukhopadhaya presided over several cases in which the Liberty House group was a bidder for insolvent companies.
Sanjeev Gupta has been on a buying spree in recent years. He also acquired debt-laden steel and aluminum assets during the 2015 and 2016 commodity crisis.
GFG sees major opportunities in India despite challenges with regulation and infrastructure, will continue to pursue three deals under the sell-off of assets prompted by bankruptcy law, said executive chairman Gupta.
The company had secured orders worth over Rs 100 crore from the Indian Army in November last year. Its UAVs are deployed along India’s borders with Pakistan & China.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
COMMENTS