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Total 47 results found. Search for [ Nippon Steel ]

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BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


PTI
September 10, 2018
World's largest steel producer ArcelorMittal on Monday offered Rs 42,000 crore to acquire Essar Steel Ltd, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.


Nevin John
New Delhi, August 29, 2018
Reports say that both JSW and Tata look to submit bids for Usha Martin's 1 MT steel unit.


BusinessToday.In
New Delhi, June 12, 2018
Citing government officials, a Reuters report claims that the Japan-backed $17 billion project is likely to miss its December deadline to acquire land due to protests by fruit growers in Maharashtra.


PTI
April 24, 2018



BusinessToday.In
New Delhi, April 20, 2018
Both the petitioners, Numetal and ArcelorMittal, welcomed the verdict for the prize is a big one, despite the fact that Essar Steel boasts the third biggest debt pile (over Rs 44,000 crore) among the initial 12 companies identified by the RBI for insolvency proceedings.


PTI
New Delhi, April 19, 2018
Pronouncing its order today, the National Company Law Tribunal noted that certain provisions of the IBC were not followed by the committee of creditors and the RP while disqualifying both the bids earlier.


PTI
April 18, 2018



Nevin John
New Delhi, April 5, 2018
After the submission of bids for Essar Steel on Monday, ArcelorMittal and its partner Nippon Steel questioned the inclusion of Sajjan Jindal's JSW Steel in the Numetal consortium.


BusinessToday.In
New Delhi, April 5, 2018
In a recent interview, Rajnish Kumar, Chairman, State Bank of India (SBI), admitted that it is not the best of times to be a banker, but is optimistic about the future - especially with the clock ticking down to the deadline for the first 12 beleaguered companies referred by the RBI to the National Company Law Tribunal.


PTI
April 4, 2018



Mail Today Bureau
April 3, 2018
In the first round, NuMetal and ArcelorMittal were the only two parties that had bid to take over Essar Steel but the insolvency resolution professional overseeing the auction was advised to reject both the bids owing to their promoters being linked to defaulter companies.


PTI
New Delhi, April 2, 2018
ArcelorMittal, which had been disqualified in the first round for being listed as a promoter of loan defaulter Uttam Galva Steel, bid along with Nippon Steel and Sumitomo Metal Corporation.


PTI
April 2, 2018



Nevin John
New Delhi, April 2, 2018
JSW Steel and Tata Steel are fighting to claim the top slot by building new capacities and scooping up sick assets.


Nevin John
New Delhi, March 29, 2018
ArcelorMittal, one of the two bidders who had submitted the bid in the first round, says it doesn't mind fresh bids.


Mail Today Bureau
March 27, 2018
The SBI-led consortium of banks had on March 21 rejected the bids by Numetal and ArcelorMittal for Essar Steel on the ground that they were ineligible under the provisions of the amended Insolvency and Bankruptcy Code.


PTI
March 23, 2018



Mail Today Bureau
March 22, 2018
Numetal and ArcelorMittal, the only two bidders for Essar Steel, were found to be ineligible under Section 29 A of the amended IBC which bars promoters of defaulting firms and also related parties from buying out stressed assets being put up for auction to recover bad loans of banks.


Nevin John
New Delhi, March 20, 2018
In another case, UK-based Liberty House challenged the decision of the Insolvency Resolution Professional (IRP), who rejected its bid to acquire Bhushan Power and Steel without opening its sealed offer.


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