The stressed accounts, which also include Bhushan Power, Alok Industries, ABG shipyards, Amtek Auto, Lanco, Era Infrastructure and Jyoti Structures, owed nearly Rs 2.5 lakh crore to lenders.

The top court quashes a clutch of petitions that challenged provisions of three-year-old law, including barring promoters from bidding for stressed assets.

How it became India's fourth most valuable group and what it is doing to stay on top.

In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several high-profile cases, which include Essar Steel, Bhushan Power and Steel, Videocon Group, Monnet Ispat, Amtek Auto, Ruchi Soya, Lanco Infratech, Jaypee Infratech among others.

Sixteen billion US dollars is a lot of money to pay to take control of an Indian company.

Of the 1198 bankrupt companies admitted for resolution, just 52 are being sold until September end. The liquidation process has started in 212 cases. There are 816 cases pending for resolution.

Odisha has done well on GSDP growth. It is now looking to attract value-added players in the metals space and rev up its MSME sector.

Some big accounts are in the process of getting resolved while some more are lined up for resolution under the Insolvency and Bankruptcy Code (IBC).

The latest news is that Tata Steel plans to match the offer price of JSW Steel for Bhushan Power & Steel (BPSL). It is likely to revise its bid to Rs 19,700 crore from its earlier Rs 17,000 crore.

MV Seshagiri Rao, joint managing director, JSW Steel, yesterday said that the company was seeking legal opinion on whether it would be eligible to bid for Essar Steel together with contenders that had already thrown their hats in the ring: ArcelorMittal, Numetal and Vedanta.