Essar Steel

ArcelorMittal Nippon Steel taps Japanese banks for $5.15 bn loan for Essar Steel acquisition

17 Mar 2020

Essar Steel cancels all pre-insolvency shareholder accounts

03 Jan 2020

SC gives most of ArcelorMittal's Rs42,000-cr offer to Essar Steel’s financial creditors

15 Nov 2019

SC allows Essar Steel’s operational creditors to challenge IBC amendments

09 Aug 2019

IBC changes to help banks challenge NCLAT’s Essar Steel ruling

19 Jul 2019

Essar Steel lenders seek larger share of resolution amount

12 Jul 2019

NCLAT approves ArcelorMittal bid for Essar Steel, rejects Ruias’ offer

04 Jul 2019

The NCLAT also revised the approved claims of operational creditors to Rs19,700 crore, up from Rs5,000 crore and said the committee of creditors has no role in distribution of amount between operational and financial creditors

Essar Steel's debt resolution stuck again as SBI moves SC against StanChart claim

02 Apr 2019

NCLT clears ArcelorMittal's Rs42,000-cr bid for Essar Steel

11 Mar 2019

ArcelorMittal bids Rs4,800 cr for Essar Power’s Mihan plant

19 Feb 2019

NCLT rejects Essar Steel’s plea to withdraw

30 Jan 2019

The National Company Law Tribunal has rejected a plea by the Ruias in the Essar Steel case, saying there is no illegality in the lenders accepting the proposal by ArcelorMittal

SBI puts Rs15,431-cr Essar Steel debt on the block

17 Jan 2019

GAIL, Getco seek rejection of ArcelorMittal’s Essar Steel bid

20 Nov 2018

Essar Steel Asia Holding Ltd, the promoter of Essar Steel, had proposed to pay Rs54,389 crore that would cover all dues of the financial and operational creditors

ArcelorMittal wins bankrupt Essar Steel despite Ruias’ last ditch effort

26 Oct 2018

Once all regulatory processes are completed, ArcelorMittal, the world’s top steel maker, will jointly own and operate ESIL in partnership with Nippon Steel and Sumitomo Metal Corporation, Japan’s largest steel producer and the third largest steel producer in the world

ArcelorMittal closer to acquiring Essar Steel with Rs43,000-cr offer

22 Oct 2018

ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar

16 May 2018

The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel

ArcelorMittal offers to pay off Uttam Galva's dues if it wins Essar Steel bid

03 May 2018

Essar Steel: Vedanta, Numetal offer to match best bids as lenders review bids

28 Apr 2018

NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

21 Apr 2018

The NCLT order invalidates the second round of bidding for Essar Steel involving Vedanta and JSW Steel and opens the possibility of ArcelorMittal or Numetal winning the race for Essar Steel

JSW Steel offers to invest in Numetal arm for Essar Steel stake

16 Apr 2018

The announcement comes ahead of a possible order by the Ahmedabad bench of the National Company Law Tribunal on the eligibility of ArcelorMittal and Numetal to bid for debt-laden Essar Steel

NCLT reserves order in Essar Steel case after hearing ArcelorMittal, Numetal

07 Apr 2018

Essar Steel bid war hots up with re-entry of ArcelorMittal, Numetal

02 Apr 2018

ArcelorMittal moves NCLT against bar on Essar Steel bid

27 Mar 2018

ArcelorMittal was formally declared ineligible to bid for Essar Steel due to the technicality of still being listed as a promoter of Uttam Galva Steel on the stock exchange, even though it had sold its shareholding before submitting the bid offer

ArcelorMittal bid queers the pitch for local bidders of Essar Steel

26 Mar 2018

Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible

Essar Steel's lenders vote for fresh bids as Numetal, ArcelorMittal's bids declared ineligible

21 Mar 2018