Tag: IBC
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Essar Steel Update: Supreme Court gives Decision in Favour of Financial Creditors
The Supreme Court on Friday has given its final verdict of how the resolution proceeds are to be split between different classes of creditors in Essar Steel’s insolvency case. The apex court has overruled the NCLAT’s decision and has said that the court should not interfere with the decisions of the committee of creditors (CoC).…