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.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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