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Total 74 results found. Search for [ Uttam Galva ]

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Prosenjit Datta
New Delhi, September 17, 2018
Over the next few years, a number of entrepreneurs, who had shot to prominence over the past decade and a half, will either have lost their entire businesses or will see their empires shrink dramatically in size, after losing many of their companies.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


BusinessToday.In
New Delhi, September 14, 2018
The Mittal-owned company told the SC it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam Galva and KSS Petron -- the defaulting companies in which the steel tycoon is classified as promoter -- if it gets to bid successfully for Essar Steel.


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.


BusinessToday.In
New Delhi, September 7, 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.


Anand Adhikari
New Delhi, August 6, 2018
It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the act.


PTI
New Delhi, July 5, 2018
At a hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT), senior lawyer Abhishek Manu Singhvi, appearing for ArcelorMittal, said \"NuMetal and Rewant Ruia are alter ego of each other. They both are the same.\"


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


PTI
May 25, 2018



PTI
New Delhi, May 17, 2018
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.


PTI
May 17, 2018



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.


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



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.


Nevin John
New Delhi, May 2, 2018
Its now largely up to the court to facilitate the sale of Essar Steel.


PTI
April 27, 2018



Nevin John
New Delhi, April 25, 2018
The new round of bid will see larger bids since it will be the last chance to win the battle. In addition, the bids may go up the size of over Rs 35,000 crore, when Essar's loans stands at around Rs 45,000 crore. 


PTI
April 24, 2018



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