Tag: Essar Steel
-

India: Essar Steel denied court relief against bankruptcy proceedings
The Gujarat High Court has dismissed Essar Steel’s petition against RBI (Reserve Bank of India). The court said that no relief will be given to the debt-laden company with respect to the Insolvency and Bankruptcy Code (IBC), according to reports. Earlier this month, Essar Steel moved Gujarat High Court challenging bankruptcy proceedings .The Gujarat High Court awarded…