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We list below a number of recent iron and steel industry (or related) legal disputes. This page is updated regularly.

NCLAT directs ED to file final affidavit in BPSL assets ... tweet
Fri, 06 Dec 2019 00:00:00 GMT
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of assets of Bhushan Power and Steel Ltd (BPSL). The NCLAT has directed to list the matter on December 12 for the next hearing. The appellate tribunal was hearing a batch of petitions, against the attachment of BPSL

Essar Steel: Finally bankers expect money next month tweet
Thu, 28 Nov 2019 00:00:00 GMT
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

Just Rs 4,000 crore assets attached so far in Rs 47,000-crore ... tweet
Sat, 23 Nov 2019 00:00:00 GMT
Special public prosecutor for ED, Advocate Nitesh Rana told the Court that the agency has attached only Rs 4,000 crores of Bhushan Steel so far and that the scandal involves over Rs 43,000 crores which the agency is still investigating. ED had arrested Singal in connection with an ongoing money laundering probe against him o

Captive coal blocks produce nearly 4 million tonnes ... tweet
Sat, 23 Nov 2019 00:00:00 GMT
According to data compiled by the Coal Controller Organisation, production from captive coal blocks during April-September 2019 rose nearly 26% to 26 million tonnes against the previous corresponding period. Nevertheless, the bulk of the production has been from block not cancelled by the Supreme Court.

ArcelorMittal India entry: Domestic steel firms say ... tweet
Thu, 21 Nov 2019 00:00:00 GMT
Last week, the Supreme Court paved the way for ArcelorMittal's takeover of debt-ridden Essar Steel for Rs 42,000 crore and set aside the July 4 NCLAT order giving equal status to financial creditors and operational creditors. Following the verdict, ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this

ArcelorMittal aims to complete Essar Steel acquisition ... tweet
Tue, 19 Nov 2019 00:00:00 GMT
ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a

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