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

NCLAT wrongly allowed ArcelorMittal to pay dues after ... 
Thu, 20 Sep 2018 00:00:00 GMT
A bench of Justices R F Nariman and Indu Malhotra has been hearing the cross appeals of NuMetal and steel and mining major ArcelorMittal against the order of the National Company Law Appellate Tribunal (NCLAT).
https://www.moneycontrol.com/news/india/nclat-wrongly-allowed-arcelormittal-to-pay-dues-after-bidding-for-essar-steel-numetal-to-sc-2970391.html

SC asks Numetal to establish subterfuge charge against ... 
Tue, 18 Sep 2018 00:00:00 GMT
The observation by the court came when NuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore owed by Uttam Galva Steels and KSS Petron by selling its shares just before bidding for Essar Steel.
https://www.moneycontrol.com/news/business/sc-asks-numetal-to-establish-subterfuge-charge-against-arcelormittal-in-divesting-shares-2964071.html

Indian court says committee to decide fate of shut ... 
Mon, 20 Aug 2018 10:04:09 GMT
NEW DELHI Reuters - India's environment court said on Monday an independent judicial committee will decide in about six weeks whether to allow Vedanta Ltd (NS:VDAN) to reopen its copper...
http://uk.investing.com/news/stock-market-news/indian-court-says-committee-to-decide-fate-of-shut-vedanta-copper-smelter-1289645

Suitors put in bids for Bhushan Power assets 
Tue, 14 Aug 2018 00:00:00 GMT
Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, news agency PTI reported citing sources. The bids were reportedly submitted to Committee of Creditors (CoC) late Monday night by the three parties. On August 6, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for BPSL by one week on the plea of Tata Steel, a resolution applicant in this.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/suitors-put-in-bids-for-bhushan-power-assets/videoshow/65406316.cms

Egypt: Court drops corruption case against Mubarak-era ... 
Mon, 13 Aug 2018 07:05:00 GMT
The court lifted a travel ban and an asset freeze that were imposed on Ezz. Prosecutors had charged the steel tycoon with embezzlement, illicit profits, and money laundering in 2011, in the wake of a ...
https://www.middleeastmonitor.com/20180813-egypt-court-drops-corruption-case-against-mubarak-era-tycoon/

Last lawsuit against Ahmed Ezz dismissed per reconciliation 
Sun, 12 Aug 2018 11:45:00 GMT
CAIRO 12 August 2018: Cairo Criminal Court dismissed Sunday the last lawsuit filed against Egyptian steel tycoon Ahmed Ezz following the ousting of former President Hosni Mubarak. The lawsuit accuse...
http://www.egypttoday.com/Article/2/55846/Last-lawsuit-against-Ahmed-Ezz-dismissed-per-reconciliation

Business tycoon Ahmed Ezz cleared of money laundering ... 
Sun, 12 Aug 2018 10:02:00 GMT
Earlier in March 2013, the Giza Criminal Court, headed by El-Mohamady Qonsowa, sentenced Ezz to 37 years in prison, in the case publicly known as the steel licenses, however all charges were dropped ...
https://www.dailynewsegypt.com/2018/08/12/business-tycoon-ahmed-ezz-cleared-of-money-laundering-case/

NCLAT upholds sale of Electrosteel Steels to Vedanta 
Sat, 11 Aug 2018 05:01:00 GMT
On 17 April, the NCLT-Kolkata bench of Justice Jinan K R and Justice Madan Balachandra Gosavi approved Vedantas bid to acquire Electrosteel. Though the National Company Law Tribunals had cleared the ...
https://www.domain-b.com/companies/companies_v/Vedanta/20180811_sale.html

NCLAT Upholds Electrosteel Steels Sale To Vedanta 
Fri, 10 Aug 2018 22:18:00 GMT
On April 17, the NCLT-Kolkata bench of Justice Jinan KR and Justice Madan Balachandra Gosavi approved Vedantas bid to acquire Electrosteel Steels. The tribunal rejected the objection by Renaissance S...
https://www.bloombergquint.com/insolvency/2018/08/10/nclat-upholds-electrosteel-steels-sale-to-vedanta

NCLAT upholds Bhushan Steel sale to Tata Steel, rejects ... 
Fri, 10 Aug 2018 00:00:00 GMT
The appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, opposing Tata Steel's resolution plan seeking a higher priority in debt resettlement.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-upholds-bhushan-steel-sale-to-tata-steel-rejects-issues-over-its-ineligiblity/articleshow/65356129.cms

Cabinet receives 12 reconciliation requests over squandering ... 
Tue, 31 Jul 2018 03:03:00 GMT
In April, Cairo Criminal Court dropped the last corruption case against Egyptian steel tycoon Ahmed Ezz per the Reconciliation Law. The court dropped charges of squandering LE 5 billion of public mone...
http://www.egypttoday.com/Article/1/55014/Cabinet-receives-12-reconciliation-requests-over-squandering-public-funds

Bhushan Power rebid process violates NCLAT orders: ... 
Mon, 30 Jul 2018 00:00:00 GMT
According to the sources privy to the development, Tata Steel in its letter has alleged that the CoC was not following legal process as per the National Company Law Appellate Tribunal order.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/bhushan-power-rebid-process-violates-nclat-orders-tata-steel/articleshow/65203371.cms

Our cash bid for Bhushan Power is supported by foreign ... 
Tue, 24 Jul 2018 00:00:00 GMT
Guptas aggressive bids in the bankruptcy courts gave him his first success last week, as Liberty House was selected as the successful bidder for Odisha-based Adhunik Metaliks.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/our-cash-bid-for-bhushan-power-is-supported-by-foreign-banks-libertys-sanjeev-gupta/articleshow/65111959.cms

NCLAT allows lenders to meet and finalise Bhushan Power ... 
Fri, 20 Jul 2018 00:00:00 GMT
Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-allows-lenders-to-meet-and-finalise-bhushan-power-bid/articleshow/65066300.cms

Merkel says would back cutting EU tariffs on US car ... 
Sat, 07 Jul 2018 00:18:00 GMT
Micron believes the ruling issued by the Fuzhou Court in Fujian Province is inconsistent with this proclaimed ... and the rest of the European Union by slapping tariffs on the bloc's steel and aluminu...
http://bohemionews.com/2018/07/merkel-says-would-back-cutting-eu-tariffs-on-us-car-imports/

England star Henderson in debt to fellow Wearsider ... 
Fri, 06 Jul 2018 22:22:00 GMT
European shares advance as US tariff suspension hopes boost autos Trump's attempt to use the steel and aluminum tariffs to pry concessions ... Micron believes the ruling issued by the Fuzhou Court in ...
http://bohemionews.com/2018/07/england-star-henderson-in-debt-to-fellow-wearsider-jordan/

Micron Says China Ban Won't Hurt Earnings But Ruling ... 
Thu, 05 Jul 2018 18:41:00 GMT
To Make No Decisions The Fractured Legacy Of IDBI Bank Lessons Tata Steel Learnt From Its Corus Acquisition ... Micron believes the ruling issued by the Fuzhou Court in Fujian Province is inconsisten...
https://www.bloombergquint.com/business/2018/07/05/micron-says-china-ban-won-t-hurt-earnings-but-ruling-is-unfair

ArcelorMittal says NuMetal alter ego of Ruias; NCLAT ... 
Thu, 05 Jul 2018 00:00:00 GMT
At a hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT), senior lawyer Abhishek Manu Singhvi, appearing for ArcelorMittal, said NuMetal and Rewant Ruia are alter ego of each other. They both are the same.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-seeks-disqualification-of-numetal-bid-for-essar-steel/articleshow/64873042.cms

Former Australian mining executive released by China 
Wed, 04 Jul 2018 05:11:00 GMT
They were convicted later in 2010, with Tan Yixin from Shougang receiving a three-and-a-half-year sentence and Wang Hongjiu from Laiwu Steel getting four years. Again, these court hearings were held i...
http://www.centralchronicle.com/former-australian-mining-executive-released-by-china.html

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