The Ruias and the Mittals are slugging it out in court over the repayment of security deposits worth a little over Rs 82 crore. The deposits had been placed by Essar Steel — which is now owned ...

ArcelorMittal has drawn a fine distinction between “promoter” and “promoter group” to puncture the claim that it would be ineligible under the provisions of section 29A of the Insolvency and B...

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Ruias live in hopeThe Ruias are hoping to challenge the NCLT order — and will be basing their argument on a ruling given by Supreme Court Justices R.F. Nariman and Navin Sinha in the case of Brillia...

ArcelorMittal will be raising $750 million through a bond flotation from which a part of the proceeds will be used to pay for the acquisition of Essar Steel India.Just a day before the National Compan...

The Ruias of the Essar Group on Thursday lobbed a surprise, unsolicited bid valued at Rs 54,389 crore seeking to pay all classes of creditors of the troubled Essar Steel and take the steel maker out o...

Sajjan Jindal has backed the Ruia group’s proposal to repay the entire outstanding debt of Essar Steel, prompting a sharp response from ArcelorMittal, the selected top bidder for the bankrupt compan...

The Ruias’ attempt to retain control of Essar Steel with a last-gasp bid designed to steer the ailing steel maker out of the insolvency resolution process has put the spotlight on section 12A of the...

ArcelorMittal finally has Essar Steel in the bag but a battle for control has now broken out over a critical infrastructure element on which the success of the company crucially depends: a 253-km pipe...

The spannerLegal experts say ESIL’s route to recovery would surely be delayed by a spate of legal cases and the matter would finally be decided by the Supreme Court.Ruias reminded that exception has...