ArcelorMittal
Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition
Sat, Nov 16, 2019
Delivering a big verdict, the Supreme Court has allowed ArcelorMittal to make payment for Essar Steel India, paving the way for acquisition of the bankrupt steel maker by the Luxembourg-headquartered entity.
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ArcelorMittal-Essar Steel: Why SC NCLAT ruling is a major success of insolvency mechanism in India - Explained
Fri, Nov 15, 2019
As the Supreme Court on Friday set aside the NCLAT ruling on Essar Steel that provided for equal distribution of proceeds between financial and operational creditors, decks have been cleared for ArcelorMittal's acquisition of the bankrupt steel company.
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NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account
Tue, Apr 09, 2019
The National Company Law Appellate Tribunal (NCLAT) on Tuesday said it may direct ArcelorMittal, in the next hearing on April 23, to deposit Rs 42,000 crore for acquisition of the insolvent Essar Steel in a separate account.
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NCLT clears ArcelorMittal's Rs 42,000-crore bid for Essar Steel
Fri, Mar 08, 2019
The National Company Law Appellate Tribunal (NCLAT) had last month directed the NCLT Ahmedabad bench to take a final decision on ArcelorMittal`s bid for the acquisition of Essar Steel by March 8, failing which it would pass an order.
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ArcelorMittal says facing 'risks' like excess capex on proposed Essar acquisition
Tue, Feb 26, 2019
ArcelorMittal Monday said it is staring at various risks including excess capex and delays in achieving commercial objectives in view of its proposed acquisition of debt-laden Essar Steel India.
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Essar Steel debt resolution hits fresh hurdle as GAIL, Getco move NCLT seeking rejection of ArcelorMittal bid
Tue, Nov 20, 2018
Two public sector undertakings, GAIL and Getco, have approached National Company Law Tribunal (NCLT) separately against Essar Steel lenders’ approval to ArcelorMittal’s bid for the bankrupt steel behemoth, saying operational creditors were left out of it.
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India's steel giants to focus on product mix, quality to take on ArcelorMittal
Wed, Nov 14, 2018
India`s two biggest private sector steel companies JSW Steel Ltd and Tata Steel Ltd are banking on their diversified product mix to take on steel giant ArcelorMittal SA as it gears up to enter the country.
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