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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 to hear Bhushan Steel promoter's plea against ... tweet
Thu, 17 May 2018 00:00:00 GMT
Singal has sought a stay on the National Company Law Tribunal (NCLT) order approving Tata Steel's bid for the debt-ridden Bhushan Steel under corporate insolvency resolution process.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-to-hear-bhushan-steel-promoters-plea-against-tata-steel-takeover/articleshow/64203614.cms

Russia: Rusal revenue up in Q1 2018 tweet
Tue, 15 May 2018 00:00:00 GMT
The High Court of London has started four-day hearings of a dispute between Russian aluminum giant UC RUSAL of businessman Oleg Deripaska and Interros of tycoon Vladimir Potanin over a sale of shares in metals giant Norilsk Nickel. Both businessmen arrived to the court to testify. A long-standing shareholder conflict, which was resolved in 2012
https://metalukraine.com/2018/05/15/russia-rusal-revenue-up-in-q1-2018-2.html

NCLT clears decks for Tatas acquisition of Bhushan ... tweet
Tue, 15 May 2018 00:00:00 GMT
The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-approves-tata-steel-bid-for-bhushan-steel/articleshow/64171801.cms

NCLT asks SBI to file mentioning petition in VISA Steel ... tweet
Wed, 09 May 2018 22:12:00 GMT
Financial Express reported that the Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday asked State Bank of India (SBI) to file a mentioning petition in its case against Visa Steel in which ... bench of Justice Jinan Kr and Madan ...
https://steelguru.com/steel/nclt-asks-sbi-to-file-mentioning-petition-in-visa-steel-case/509079

Russia: GV Gold approves new dividend policy to keep ... tweet
Mon, 30 Apr 2018 00:00:00 GMT
The interdepartmental commission will calculate the damage that was caused during the riots on the territory of the goldmine plant Makmalzoloto. Earlier it was reported that a license for the construction of a gold-processing plant was issued illegally and a criminal case was opened on the fact. The administration added that Chinese investors invited a
https://metalukraine.com/2018/04/30/russia-gv-gold-approves-new-dividend-policy-to-keep-dividends-high.html

Glencore drops as clash with former partner adds to ... tweet
Mon, 30 Apr 2018 00:00:00 GMT
Shares fell as much as 3.9% after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local units for almost $3 billion in damages.
http://www.mining.com/web/glencore-drops-clash-former-partner-adds-congo-issues/

Liberty House trumps Tata Steel bid for Bhushan Power tweet
Fri, 27 Apr 2018 00:00:00 GMT
The committee of creditors of Bhushan Power and Steel met today to open Liberty House's bid for the company after directions from the National Company Law Tribunal.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/liberty-house-trumps-tata-steel-bid-for-bhushan-power/articleshow/63939611.cms

NCLT ruling on Bhushan Power & Steel boosts UltraTech ... tweet
Wed, 25 Apr 2018 01:17:00 GMT
Jinan KR, member judicial at the Kolkata bench of NCLT ... sources close to Dalmia Bharat Cement stated that the Delhi bench of NCLT's ruling on the Bhushan Power & Steel case will not impact the Binani Cement saga as these two cases are entirely different.
https://steelguru.com/infra/nclt-ruling-on-bhushan-power-steel-boosts-ultratech-plea-for-binani/507879

Congo's state miner seeks to dissolve Glencore venture ... tweet
Tue, 24 Apr 2018 14:04:08 GMT
By Aaron Ross DAKAR Reuters - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore , blaming the...
http://uk.investing.com/news/commodities-news/congos-state-miner-seeks-to-dissolve-glencore-venture-over-debts-1141039

4/20 Panelists Talk Cannabis Capital and Shift to Retail ... tweet
Mon, 23 Apr 2018 00:00:00 GMT
April 23, 2018 Kamoto Copper Company is at risk of dissolution after legal proceedings were filed against it by Gecamines in the Democratic Republic of Congo.
https://investingnews.com/daily/resource-investing/agriculture-investing/cannabis-investing/panelists-talk-cannabis-capital-retail-adoption/?as=1&nameplate_category=Daily

NCLT asks Bhushan Steel creditors to consider Liberty ... tweet
Mon, 23 Apr 2018 00:00:00 GMT
The tribunal's order came over a petition filed by Liberty House, challenging the rejection of its bid by the RP for Bhushan Power and Steel on account of late submission.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-asks-bhushan-steel-creditors-to-consider-liberty-house-bid/articleshow/63882965.cms

Bhushan Power & Steel sale: NCLT asks lenders to ... tweet
Mon, 23 Apr 2018 00:00:00 GMT
The National Company Law Tribunal (NCLT) today asked the lenders of Bhushan Power & Steel, led by PNB, to consider the bid submitted by UK-based Liberty House for the debt-ridden company. Allowing the plea of Liberty House, the tribunal has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/bhushan-power-steel-sale-nclt-asks-lenders-to-consider-liberty-house-bid/videoshow/63882863.cms

NCLT asks Binani Cement RP to stay on as 270-day moratorium ... tweet
Sat, 21 Apr 2018 06:23:00 GMT
Since the hearing could not be completed, the RP will continue management of the corporate debtor until further order, Justice Jinan KR said ... of the hearing that took place in case of Essar Steel on Thursday where the judge said the RP and committee ...
https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/nclt-asks-binani-cement-rp-to-stay-on-as-270-day-moratorium-draws-to-a-close/articleshow/63853254.cms

HSBC upgrades Rio Tinto amid spate of valuation changes ... tweet
Wed, 18 Apr 2018 19:58:00 GMT
The London-based bank said the quality of Rio Tintos Pilbara iron ore assets offset its lack of portfolio diversity ... with a poor outcome of its Samarco dam failure litigation as a possible risk. It wasnt all good news for the miners though ...
http://www.proactiveinvestors.co.uk/companies/news/195250%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520%2520/hsbc-upgrades-rio

Russia: MMK scrap railroad deliveries down in Q1 2018 tweet
Mon, 16 Apr 2018 00:00:00 GMT
The Armyansk City Court has found Titanium Investments Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of
https://metalukraine.com/2018/04/16/russia-mmk-scrap-railroad-deliveries-down-in-q1-2018.html

Last corruption case against Ahmed Ezz dropped per ... tweet
Sat, 14 Apr 2018 08:27:00 GMT
CAIRO 14 April 2018: Cairo Criminal Court dropped the last corruption case against Egyptian steel tycoon Ahmed Ezz per the Reconciliation Law on Saturday. The court dropped charges of squandering LE 5 billion of public money in the Dekheila Steel ...
http://www.egypttoday.com/Article/1/47785/Last-corruption-case-against-Ahmed-Ezz-dropped-per-reconciliation

CHINA COKE WRAP: Prices fall further on soft steel ... tweet
Fri, 13 Apr 2018 02:47:00 GMT
The countrys steel market performance has also been lackluster recently ... Aluminium leads gains on LME; Brazils aluminium industry to request increase on ingot import tax-free quota; Glencore force majeure said declared on Russia-origin metal ...
https://www.metalbulletin.com/Article/3800325/Exchange-news-and-prices/CHINA-COKE-WRAP-Prices-fall-further-on-soft-steel-coking-coal-markets-%5bUPDATE%5d.html

Essar Steel case: NCLT reserves order, stay on opening ... tweet
Fri, 06 Apr 2018 00:00:00 GMT
The Ahmedabad bench of the NCLT has reserved its order after the arguments from all the parties concluded today in the Essar Steel bankruptcy case. In the last lap of arguments today, Numetal and ArcelorMittal, both in the race to acquire the bankrupt Essar Steel, once again tried to convince the tribunal over their disqualification by the resolution professional (RP), claiming that rules have been followed before submitting their bids. After taking into consideration the views of both the bi...
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/essar-steel-case-nclt-reserves-order-stay-on-opening-of-bids-to-continue/videoshow/63648513.cms

Tata Steel to pay Rs 35,200 crore cash for Bhushan ... tweet
Mon, 02 Apr 2018 00:00:00 GMT
The creditors would get 12.27 per cent equity in Bhushan Steel, said senior advocate Ravi Kadam to the Principal bench of the National Company Law Tribunal (NCLT).
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-to-pay-rs-35200-crore-cash-for-bhushan-steel-to-convert-remaining-debt-to-equity/articleshow/6358

Electrosteel lenders choose Vedanta as highest bidder tweet
Fri, 30 Mar 2018 00:00:00 GMT
The CoC rejected the contentions of Renaissance Steel India that had questioned the eligibility of Vedanta and Tata Steel as bidders for Electrosteel in the dedicated bankruptcy process.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/electrosteel-lenders-choose-vedanta-as-highest-bidder/articleshow/63540410.cms

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