Dunlop making N95 masks: Ruia
Ruia Group has started distributing Dunlop brand N95 masks in the eastern region markets and slowly it will be distributed pan India. The Dunlop brand was known for tyres.
Essar signals resuming investment-led growth plan
The Essar Group has indicated that it is "poised to embark on a new phase of growth while d...
ArcelorMittal resolution plan violative of IB Code: Prashant Ruia to NCLAT
Senior advocate U K Chaudhary, representing Ruia, said that the pr...
London court dismisses ArcelorMittal plea against Essar
In an 81-page judgment, High Court Judge Andrew Henshaw on Monday found no merit in the case being brought by ArcelorMittal to enforce a worldwide freeze on Essar's assets to protect them from "dissipation" while the former pursues parallel legal remedies.
NCLAT supports rejection of Ruias’ Essar Steel offer
ArcelorMittal paid Rs 7,500 crore to resolve bad debts to become eligible to bid for Essar Steel.
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
The Ruia family-owned Essar Group has embarked on the final leg of its deleveraging exercise with plans to cut down its residual debt by 70 per cent to about Rs 12,000 crore as it looks to rebuild the conglomerate post-oil and steel business selloffs.
Ruias, Mittal lock horns over control of Hazira port
Sources said Essar wants to handle third-party cargo — commercial cargo from other industries — according to the state’s new port policy for the two captive jetties in Hazira that are owned by Essar Bulk Terminal (EBTL). But ArcelorMittal has opposed the movs.
Standard Chartered, Ruias to appeal in NCLAT against Essar order
Prashant Ruia, part of the Essar Steel promoter family, has filed an appeal at the NCLAT against the order.
Ruia, Essar Steel directors move NCLT to squash Mittal's bid
The NCLT bench comprising Manorama Kumari and Harihar Prakash Chaturvedi said it will decide Tuesday whether the petition will be admitted or not.
London court dismisses ArcelorMittal appeal against Essar
The high court order of March 30 came as steelmaker ArcelorMittal looked to enforce a USD 1.5 billion arbitral award stemming from a soured supply agreement. In an 81-page judgment, High Court Judge Andrew Henshaw had found no merit in the case being brought by ArcelorMittal to enforce a worldwide freeze on Essar's assets to protect them from "dissipation" while the former pursues parallel legal remedies.
Setback to Ruias: NCLT rejects Essar Steel promoter’s settlement bid
In a setback to Ruia's, the Ahmedabad bench of the National Company Law Tribunal today has rejected the settlement offer by Essar Steel Ltd....
ArcelorMittal to pay Rs 42,000 cr for Essar Steel takeover
The NCLAT would continue to hear the Essar Steel insolvency case on May 21.
Arcelor Mittal clarifies terms of Essar Steel bid
This backs the claim put forth by Standard Chartered before the NCLAT that the Rs 39,500 crore bid by ArcelorMittal was below the Rs 42,000 crore.
After IBC war Ruias & ArcelorMittal talk deal for Hazira port & power plant
Sources close to Essar Group claim that ArcelorMittal is interested in the captive assets & is on a diligence tour.
Essar Steel case: Operational creditors bat for Ruia's proposal of Rs 54K cr
An operational creditor of Essar Steel Tuesday filed an interlocutory application in the National Company Law Tribunal pleading that the deb...