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.
Plotting and planning against India is not all I do. I also have to run the country, drain water from housing societies, and even give directions to the Pakistan PM.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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