Tag: Electrosteel Steels
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Vedanta’s Bid to Takeover Electrosteel Steels Finally Approved by NCLT
The bankruptcy case of Electrosteel Steels which was among the first 12 companies that RBI identified in June 2017 for insolvency resolution has been resolved by NCLT (National Company Law Tribunal) today. NCLT has approved the resolution plan submitted by Vedanta Group, which has made the highest bid of INR 4,500 crore for Electrosteel Steels…