Tag: Ruias
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Ruias Back in Action with INR 54,000 Crore Bid to Retain Essar Steel’s Ownership
In the latest twist in the bankruptcy case of debt-laden Essar Steel, the flagship owners of the company, Ruia’s have made a last-minute offer of INR 54,389 crore to the lenders for settling all claims and allowing the company to exit the bankruptcy process under Section 12A of IBC (Insolvency and Bankruptcy Code). The development…