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PTI
May 18, 2018



BusinessToday.In
May 16, 2018
At 3:17 pm, the stock was trading 12.30 percent lower at 43.85. The stock hit a fresh 52-week low of 43.60  or falling 12.80 percent intra day in trade today.  Shares of Syndicate Bank closed 2.82 per cent down at Rs 50 apiece on BSE on Tursday.


BusinessToday.In
May 16, 2018
Last week, Essar Steel's Committee of Creditors (CoC) told both suitors, ArcelorMittal and Numetal, that their bids would only be considered if they repaid all pending dues owed by people/entities connected to them within a week.


BusinessToday.In
May 16, 2018
Tata Steel will implement the resolution plan through its wholly-owned subsidiary Bamnipal Steel Limited (BNPL).


BusinessToday.In
May 16, 2018
The stock is 4.48% away from 52 week low of 9.60 which it hit on November 15, 2017. The stock is down 68.85%  during the last one year. It has lost 72.39% since the beginning of this year.


PTI
May 16, 2018
The move to park about Rs 7,000 crore in an escrow account of State Bank of India (SBI) follows ArcelorMittal's bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.


PTI
May 15, 2018



PTI
May 15, 2018



PTI
May 15, 2018
The National Company Law Appellate Tribunal (NCLAT) made the remarks while hearing an application filed by UltraTech in the Binani Cement insolvency matter.


PTI
May 15, 2018
The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel. The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.


Anup Jayaram
New Delhi, May 14, 2018
The Fifth edition of Business Today's Fastest Growing Companies picks out leaders who grew even in tough times.


BusinessToday.In
New Delhi, May 11, 2018
Gaur's revival plan includes cash, land parcels, and equity to lenders through instruments, which could cover JIL's outstanding debt of Rs 9,800 crore. This resolution plan is over 25 per cent higher than bid made by Lakshadeep Pvt Ltd under the insolvency proceedings.


BusinessToday.In
New Delhi, May 11, 2018
The stage now seems set for another protracted battle. Atul Daga, chief financial officer, UltraTech Cement, says his company has already approached the RP to hold a CoC meet as early as possible to \"close\" the insolvency resolution process as Dalmia Bharat's allegations were \"baseless\".


Nevin John
New Delhi, May 9, 2018
India-born British industrialist Sanjeev Gupta plans to invest $10 billion (Rs 67,500 crore) in the Indian market in the next couple of years, including for buying bankrupt assets in steel and auto.


BusinessToday.In
New Delhi, May 9, 2018
The 62-year-old - who remains on a GBP 650,000 bail bond (over Rs 5.93 crore) since his arrest on an extradition warrant by Scotland Yard last April - is probably plotting the next course of action with his lawyers.


PTI
May 9, 2018



BusinessToday.In
May 8, 2018
The choice facing the Committee of Creditors (CoC) of the beleaguered Jaypee Infratech Ltd (JIL) today is reportedly between a haircut of Rs 230 crore and one of Rs 2,800 crore, and the ball will likely be passed to the Supreme Court.


Anand Adhikari
New Delhi, May 8, 2018
Kolkata-based Electrosteel Steels Limited, with debt of Rs 14,000 crore plus, recently became the first company from the dozen large distressed cases shortlisted by the Reserve Bank of India to exit from the Insolvency and Bankruptcy Code (IBC).


PTI
May 3, 2018



PTI
May 1, 2018



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