Essar Case
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Bankruptcy Recoveries From 4 Companies To Give Banks Rs 54,000 Crore Boost
Lenders are expected to benefit from the recovery process from four failed companies -- Essar Steel, Prayagraj Power, Ruchi Soya and RattanIndia Power.
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Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
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Corporate Affairs Ministry Sees Rs 2.8 Lakh Crore Recovery From IBC Resolution Process
The pre-resolution processes have yielded results in 6,500 cases netting Rs 3 lakh crore on dead assets, according to a Ministry of Corporate Affairs official.
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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ICICI-Videocon Case: Whistleblower Levels New Allegations In Letter To PM Modi
Whistle-blower has claimed ICICI Bank had favoured Essar group for 'round-tripping' investments into NuPower Renewables.
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Delhi High Court Issues Notice to Essar, Loop Promoters for Cheating DoT
The CBI told Delhi High Court that the trial court had failed to appreciate the evidence which proved that the accused had hatched a conspiracy to cheat the DoT for obtaining spectrum licence.
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Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
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Court Dismisses Essar Steel Appeal Against Bankruptcy Proceedings
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks
The adjournment of the Essar Steel case by the high court to July 12 will not deter banks or halt insolvency proceedings against other 11 cases, they added.
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Essar Phone Tapping: Special Probe Team Of Delhi Police Begins Probe
A preliminary enquiry has been initiated by Delhi Police into allegations of tapping of phones of politicians, bureaucrats, industrialists and many other high-profile people by corporate major Essar Group.
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Delhi High Court Refuses To Interfere In Essar Phone Tapping Matter
The Delhi High Court today refused to direct a court-monitored probe by an SIT into the allegation that corporate major Essar tapped phones of high- profile people and some union ministers, saying the Centre has already asked the Delhi Police to investigate the matter.
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Essar Phone Tap Case: Advocate Asks Court For Probe By Special Team
Supreme Court advocate Suren Uppal -- who approached the Prime Minister for a probe into the Essar phone tap scandal - has now appealed to the Delhi High Court for an investigation by a Special Investigation Team.
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Essar Group's Ruias to Face Trial in 2G Case, Says Supreme Court
The Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.
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Supreme Court Stays Defamation Case Against Activist Priya Pillai
The Supreme Court today stayed the trial court proceedings in a defamation case filed by the Essar Group against Greenpeace activist Priya Pillai and two others at Singrauli in Madhya Pradesh.
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'Couldn't Have Gone Swimming to the Yacht': Nitin Gadkari on Why He took an Essar Chopper
Union Minister Nitin Gadkari today denied any wrongdoing after a report in the Indian Express newspaper cited a series of emails revealing alleged favours granted by the Essar Group to politicians, bureaucrats and journalists in exchange for information.
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Bankruptcy Recoveries From 4 Companies To Give Banks Rs 54,000 Crore Boost
Lenders are expected to benefit from the recovery process from four failed companies -- Essar Steel, Prayagraj Power, Ruchi Soya and RattanIndia Power.
-
Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
-
Corporate Affairs Ministry Sees Rs 2.8 Lakh Crore Recovery From IBC Resolution Process
The pre-resolution processes have yielded results in 6,500 cases netting Rs 3 lakh crore on dead assets, according to a Ministry of Corporate Affairs official.
-
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
-
ICICI-Videocon Case: Whistleblower Levels New Allegations In Letter To PM Modi
Whistle-blower has claimed ICICI Bank had favoured Essar group for 'round-tripping' investments into NuPower Renewables.
-
Delhi High Court Issues Notice to Essar, Loop Promoters for Cheating DoT
The CBI told Delhi High Court that the trial court had failed to appreciate the evidence which proved that the accused had hatched a conspiracy to cheat the DoT for obtaining spectrum licence.
-
Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
-
Court Dismisses Essar Steel Appeal Against Bankruptcy Proceedings
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
-
Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks
The adjournment of the Essar Steel case by the high court to July 12 will not deter banks or halt insolvency proceedings against other 11 cases, they added.
-
Essar Phone Tapping: Special Probe Team Of Delhi Police Begins Probe
A preliminary enquiry has been initiated by Delhi Police into allegations of tapping of phones of politicians, bureaucrats, industrialists and many other high-profile people by corporate major Essar Group.
-
Delhi High Court Refuses To Interfere In Essar Phone Tapping Matter
The Delhi High Court today refused to direct a court-monitored probe by an SIT into the allegation that corporate major Essar tapped phones of high- profile people and some union ministers, saying the Centre has already asked the Delhi Police to investigate the matter.
-
Essar Phone Tap Case: Advocate Asks Court For Probe By Special Team
Supreme Court advocate Suren Uppal -- who approached the Prime Minister for a probe into the Essar phone tap scandal - has now appealed to the Delhi High Court for an investigation by a Special Investigation Team.
-
Essar Group's Ruias to Face Trial in 2G Case, Says Supreme Court
The Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.
-
Supreme Court Stays Defamation Case Against Activist Priya Pillai
The Supreme Court today stayed the trial court proceedings in a defamation case filed by the Essar Group against Greenpeace activist Priya Pillai and two others at Singrauli in Madhya Pradesh.
-
'Couldn't Have Gone Swimming to the Yacht': Nitin Gadkari on Why He took an Essar Chopper
Union Minister Nitin Gadkari today denied any wrongdoing after a report in the Indian Express newspaper cited a series of emails revealing alleged favours granted by the Essar Group to politicians, bureaucrats and journalists in exchange for information.
