View: Common sense wins in India's bankruptcy case
India’s $200-billion-plus bad debt mess is starting to attract serious global capital
Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over b...
Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant Ruia
While the group deleveraged some of its assets, its flagship Es...
Supreme Court bars I-T deptartment from reassessing NuPower accounts
The income tax department sought to reopen the accounts of NuPower last year to examine the genuineness of investments of about Rs 50 crore by Firstland Holdings in 2011.
Art education on Gayatri Ruia's mind; she wants museum visits with kids
The Phoenix Mills director said that museum visits have always been an important part of her life.
Essar Steel: Finally bankers expect money next month
On November 15, the apex court paved the way for ArcelorMittal to take over Essar Steel for Rs 42,000 crore, giving primacy to secured creditors in any bankruptcy resolution plan. The apex court over-ruled the appellate tribunal NCLAT which asked the banks to share the proceeds equally with the unsecured creditors as well.
Wedding bells: Essar heir Rewant Ruia gets engaged to girlfriend Karishma Choraria
Ruia's fiancée was raised in London, and has a Norwegian mother and Marwari father.
Lenders, Ruias plan to move SC on NCLAT Essar order
The NCLAT has relied on its recent decision in Binani Industries Ltd while passing the order.
ET Explains: All about Essar Steel case and the latest twist in the tale
The company had been put on the block under IBC to recover over Rs 54,547 crore of unpaid dues.
NCLAT rejects Prashant Ruia's Plea against Arcelor's bid for Essar Steel
The National Company Law Appellate Tribunal (NCLAT) has rejected promoter Prashant Ruia’s appeal against Essar Steel’s sale to ArcelorMittal...
ArcelorMittal resolution plan violative of IB Code: Prashant Ruia to NCLAT
Senior advocate U K Chaudhary, representing Ruia, said that the proposal of ArcelorMittal India was in violation of IBC code as the proposal if approved negates the right of Subrogation of the Guarantor.
Blow for Ruias: NCLT rejects plea challenging Essar Steel sale to ArcelorMittal
The Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore resolution plan for Essar Steel was approved by NCLT on March 8.
ETPanache Dialogues: Bose Krishnamachari believes art belongs to everyone; Sanjay Reddy says it's about love, emotions & investment
Gayatri Ruia feels that while elitist art will exist, but at the same time, public art also needs to be present.
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.
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