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Tag: steel

India: Essar Steel Verdict: A Watershed Moment In India's Insolvency Regime - Phoenix Legal

2020-01-21 03:48:04| Mondaq.Com

After a battle that lasted approximately 900 days, the Supreme Court of India in the case of Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta, paved the way for ArcelorMittal ...

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India: Essar Steel India v. RBI*: A Case Comment - Royzz & Co

2020-01-15 11:17:52| Mondaq.Com

Essar Group is an Indian conglomerate into manufacturing, services and retails sectors. The group has operational presence across 29 countries having 45,000 employees across the world.

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Bhushan Steel case: HC to hear next week ED's plea to modify order directing 'no coercive steps'

2020-01-14 12:16:35| The Economic Times

The ED had issued summons to Bhushan Steel ex-promoter Neeraj Singal in the money laundering case registered in connection with alleged siphoning of funds worth over Rs 2,000 crore. The court had earlier issued notice to the Centre and the ED, seeking their stand on Singal's plea for a declaration that the PMLA cannot be made applicable retrospectively.

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How FM can help steel sector without any Budget relief for it

2020-01-11 18:28:53| The Economic Times

How FM can help steel sector without any Budget relief for itA road map to revive auto sector and govt's infra push may act as antidotes to the steel sectors problems.

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Job cuts likely if Jingye buys British Steel, say unions

2020-01-10 15:38:48| Guardian Unlimited Business - more business news

Unions fear for 4,000 staff if Chinese firm buys loss-making steelmakerGovernment plans to sell British Steel to the Chinese firm Jingye would probably lead to job losses, according to trade union officials who met the prospective buyers this week.The National Trade Union Steel Co-ordinating Committee, which includes the Community and Unite unions, said that while it welcomed Jingyes plan to invest in the stricken company, including the Scunthorpe steelworks, it was concerned at the effect on more than 4,000 staff. Continue reading...

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