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1-10 results from 495 for query «essar»

19 October, 2018 1:10 PM JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

Sajjan Jindal-led JSW Steel is exploring various financing models, including a 'joint control mechanism', to fund the acquisition of the stressed assets of Bhushan Power and Steel and Essar Steel, a source said. This assumes significance as JSW Steel's Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 percent 41

15 October, 2018 5:20 AM Delhi court grants bail to Jindal, others in coal scam related case

A Delhi court on Monday granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block. Special Judge Bharat Parashar granted the relief on a personal bond of Rs one lakh and one surety of the like amount. Besides Jindal, those 53

4 October, 2018 1:33 PM SC grants one more opportunity to ArcelorMittal, NuMetal to bid for Essar Steel

New Delhi: The Supreme Court Thursday granted one more opportunity to mining major ArcelorMittal and Russia's VTB Capital-backed NuMetal to bid for Essar Steel if they clear their NPA dues in two weeks. A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible under amended Insolvency and Bankruptcy Code to bid for the firm but granted 53

3 October, 2018 6:20 AM Petrol prices at record high in India: Check how much it costs around the world

On October 3, petrol prices hit Rs 91.20/litre in Mumbai and Rs 83.85/litre in Delhi. Here's a look at 10 countries where it is the cheapest and most expensive India | Petrol prices have hit record highs in the country. As of October 3, 2018, a litre of petrol costs Rs 91.20/litre in Mumbai. India currently sits on the 88th spot. (Pictured) An oil refinery 38

10 September, 2018 10:09 PM ArcelorMittal sweetens offer for Essar Steel;submits revised proposal to CoC

New Delhi: World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders Monday. Without disclosing the amount, the Luxembourg-headquarterd firm said that it has submitted a revised proposal to Essar Steel India Ltd's (ESIL) Committee of Creditors 100

10 September, 2018 4:40 AM Petrol prices at record high: Check how much it costs in India when compared with the world

On September 10, petrol prices hit a fresh record at Rs 88.12/litre in Mumbai and Rs 80.73/litre in Delhi. Here's a look at 10 countries where it is the cheapest and most expensive. India | Petrol prices have hit record highs in September. As of September 10, 2018, a litre of petrol costs Rs 88.12/litre in Mumbai, which trumps the all-time highs it reached 45

27 July, 2018 1:07 PM JSW submits revised bid for Bhushan Power & Steel, trumps Tata's, Liberty House offers

In a fresh twist to the auction of Bhushan Power & Steel, JSW has submitted a revised offer of over Rs 18,500 crore to buy the stressed company. The Committee of Creditors, which met in Delhi on July 27, has consequently asked for fresh bids by July 31. Sources told Moneycontrol that Liberty House will put in a revised bid by then. The JSW Steel offer 50

10 July, 2018 5:07 PM ArcelorMittal to NCLAT; The company was eligible to bid for Essar Steel

ArcelorMittal today said it was eligible under the Insolvency & Bankruptcy Code to bid for Essar Steel as it was not a promotor of Uttam Galva and KKS Petron, and had already offloaded its shares before submission of the bids. Arguing before the National Company Law Appellate Tribunal (NCLAT) on behalf of ArcelorMittal, senior advocate Harish Salve submitted 54

22 May, 2018 4:35 PM NCLAT orders status quo on Essar Steel

The National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered a status quo on the insolvency process for Essar Steel for two months as it admitted petitions of Numetal and ArcelorMittal over bidding eligibility. The tribunal directed the resolution professional (RP), committee of creditors (CoC) and the NCLT not to pass any order in the ongoing 50

27 April, 2018 4:24 PM NCLAT to hear Numetal, ArcelorMittal pleas on May 17

Issues notices to RP, credit committee, 2 petitioners; replies to be filed in a week The National Company Law Appellate Tribunal (NCLAT) on Friday agreed to hear on May 17 the cross petitions filed by Essar Steel bidders, Numetal Ltd. and ArcelorMittal India Ltd., challenging eligibility criteria. The NCLAT issued notices to a committee of Essar Steel 55