Tag: Bankruptcy
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Essar Steel Update: Lenders Choose Arcelor Mittal as Successful Bidder by Issuing Letter of Intent
After the reports that the flagship owners of Essar Steel, Ruias had offered a whooping INR 54,000 crore to settle all the claims of the company in order to allow the company to make exit from bankruptcy process under Section 12A of IBC (Insolvency and Bankruptcy Code), the latest update in the case is that…