The government and the RBI must get their act together to convince the markets that there is serious commitment to averting a drought of liquidity
Day: October 26, 2018
ArcelorMittal hits back at Ruias offer, says withdrawal of Essar Steel IBC process not possible – The Financial Express-R
ArcelorMittal, which was selected preferred bidder by lenders of Essar Steel, has hit back at the Rs 54,389 crore offer made by the Ruias, saying that
India’s fiscal deficit touches 95.3% of full-year target in just 6 months – The Financial Express
India’s fiscal deficit in the first half of the year has touched 95.3% of the full-year Budget Estimates (BE), the government data showed. The fiscal
Section 12A of IBC doesn’t apply to Essar Steel case, says ArcelorMittal | Business Standard News-R
ArcelorMittal said on Thursday that Section 12A of the Insolvency and Bankruptcy Code (IBC), under which the Ruias have proposed to withdraw Essar Steel from the Corporate Insolvency Resolution
Ruias make a last minute offer of Rs 543 bn to repay all Essar Steel dues | Business Standard News-R
The promoters of debt-ridden Essar Steel took its creditors by surprise by offering to settle the entire claims of Rs 543 billion under Section 12A
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