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.
Since the bulk of citizens did not regard drinking as a crime, they had no respect for the prohibition laws and did not cooperate with the police, wrote MV Venkata Rao in 1962.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
COMMENTS