Tag: Rebidding
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Will Essar Steel’s Bidders Go for Rebidding Process for the Company?
There seems to be no end to the hassles in bankruptcy proceedings of Essar Steel as the market is abuzz with the news that rebids are likely to occur for Essar Steel to ensure IBC (Insolvency and Bankruptcy Code) compliance. Over the weekend the legal advisers finalised their decision for a rebid and subsequently RP…