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BusinessToday.In
May 27, 2019
Share Market Live: Benchmark indices Sensex and Nifty ended on a positive note on Monday, driven by gains in banking stocks amid unabated foreign fund inflow, amid higher Asian markets.


Associated Press
May 22, 2019
British Steel has asked for a package of support to tackle issues related to Britain's pending departure from the European Union


PTI
May 21, 2019



PTI
May 21, 2019
A two-member bench headed by Chairman Justice S J Mukhopadhaya asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday


PTI
May 21, 2019



PTI
May 20, 2019



PTI
May 20, 2019
Global steel major ArcelorMittal Monday told the National Company Law Appellate Tribunal (NCLAT) that it would pay Rs 42,000 crore, including a minimum of guarantee of Rs 2,500 crore as working capital, for acquiring debt-laden Essar Steel under the insolvency process.


PTI
May 20, 2019



PTI
May 19, 2019
Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 4,229 crore during its Corporate Insolvency Resolution period (over 600 days)


PTI
May 16, 2019
The Committee of Creditors (CoC) submission before a National Company Law Appellatre Tribunal (NCLAT) implied that only Rs 39,500 crore would be available for distribution among the financial creditors and operational creditors


PTI
May 16, 2019



PTI
New Delhi, May 16, 2019
It has alleged ArcelorMittal chairman and chief executive officer LN Mittal has suppressed vital facts that would otherwise render him ineligible to offer a buyout plan for the distressed steel mill under Section 29A of the Insolvency and Bankruptcy Code


PTI
May 15, 2019



PTI
May 14, 2019
To a poser, whether he came to derail the resolution plan, Sibal said \"No. I have come here for Rs 2,500 crore (for SCB) and discrimination\"


PTI
May 14, 2019



PTI
May 14, 2019



PTI
New Delhi, May 13, 2019
Sibal said acceptance of Rs 39,500 crore as the bid amount by the Committee of Creditors of Essar Steel, to which Standard Chartered Bank was not part, was contrary to the undertaking given by ArcelorMittal to the Supreme Court


PTI
May 13, 2019



BusinessToday.In
May 13, 2019
Apart from the Anil Ambani telco and its two units Reliance Infratel and Reliance Telecom, the debt of its other subsidiaries and step-down companies will also be taken into account hence the expected claim amount is pegged much higher than the telco's debt of Rs 46,000 crore


Dipak Mondal
New Delhi, May 13, 2019
The insolvency ecosystem is plagued by inadequate number of benches and staff crunch, resulting in delays.


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