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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 asks investigative agencies to clarify over JSW ... tweet
Thu, 16 Jan 2020 00:00:00 GMT
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL

Undue favour given to disqualified Adani Enterprises ... tweet
Thu, 16 Jan 2020 00:00:00 GMT
The agency has registered the FIR under charges of criminal conspiracy, cheating under IPC and PPCA after a preliminary enquiry. It was alleged that in 2010, APGENCO had floated a tender for the supply of 6 lakhs MT of coal on free-on-rail destination basis to Dr Narla Tata Rao Thermal Power Station, Vijayawada and Rayalseema Therma Power Plant, Kadapa from any port.

Italian court says Taranto steel plant's blast furnace ... tweet
Thu, 09 Jan 2020 00:00:00 GMT
An Italian appeals court Tuesday decided that blast furnace No. 2 at the ArcelorMittal Italia plant, formerly the Ilva steelworks, in Taranto can stay open and continue to produce steel, Italian steel federation Federaccia and the plants labor unions said. ArcelorMittal declined to comment. The Taranto Appeals Court accepted the appeal by Ilvas extraordinary

Coal import case: SC notice to Adani Group on DRI's ... tweet
Wed, 08 Jan 2020 00:00:00 GMT
A bench headed by Chief Justice S.A. Bobde stayed the Bombay High Court order that quashed letter rogatories (LR) which sought information from foreign countries on the import of coal by Adani. Solicitor General Tushar Mehta appearing for DRI contended before the apex court that the investigation into the matter should continue.

ArcelorMittal, Nippon Steel complete acquisition of ... tweet
Tue, 17 Dec 2019 00:00:00 GMT
The deck for acquisition of Essar Steel for Rs 42,000 crore by L N Mittal-led company was cleared by the Supreme Court last

Dispute over Saruabil Mine delays Tatas from being ... tweet
Tue, 17 Dec 2019 00:00:00 GMT
After Tata Steel unit emerged as highest bidder, Misrilall Mine approached the Orissa High Court against denial of licence extension to it, claiming that Misrilall had been mining it for the past 65 years. Saruabil was among the first operating chrome mining leases to be auctioned, making way for Indias transition to licences through competitive bidding.

HC asks state to let Misrilall Mine match highest bid ... tweet
Mon, 16 Dec 2019 00:00:00 GMT
Misrilall Mine, which has been mining it for the past 65 years, had approached the Orissa High Court against denial of a licence extension to it. The court asked the state government to consider Misrilall Mines plea, as well as allow it to match the highest bid in the auction to be able to retain the mine. TS Alloys emerged the highest bidder for the mine.

Kyrgyzstan: Centerra Gold Inc. has no assets or objects ... tweet
Thu, 12 Dec 2019 00:00:00 GMT
Centerra Gold Inc. does not own any Mongolian operations or properties and has not conducted any business in Mongolia since October 2018, Kumtor Gold Company reports. Recently media have announced that Mongolian Court of Appeal has revoked four Centerra Gold licenses in favor of an NGO. In this regard, Kumtor Gold Company would like to

Brazil: UN expert Visit Prompts Renewed Hope for Amazon ... tweet
Mon, 09 Dec 2019 05:38:00 GMT
Today, we firmly demand that the Brazilian government ensure the prompt conclusion and implementation of judicial decisions in favor of families negatively affected by the mining, pig iron and steel

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

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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