Consortium of lenders agree to close bankruptcy process of Bhushan Power & Steel Ltd telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
ArcelorMittal Nippon Steel India (AM/NS India) and the Odisha government signed a memorandum of understanding (MoU) on Thursday for setting up a 12 million tonne integrated steel plant. Chief Minister Naveen Patnaik in a tweet said that the Odisha government had signed an MoU with AM/NS India for a 12 million tonne per annum (mtpa) integrated steel plant in Kendrapara district, with an investment of Rs 50,000 crore, giving a major boost to “Invest in Odisha”. The MoU was signed by Hemant Sharma, principal secretary (industries) and Dilip Oommen, chief executive officer (CEO), AM/NS India, in the presence of Patnaik and ArcelorMittal Executive Chairman L N Mittal.
ArcelorMittal Nippon Steel inks ₹50,000-cr pact with Odisha - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Satish Kumar Gupta and Others
(Essar Steel case) held
that allowing claims apart from those covered in a resolution plan
to survive after the approval of a resolution plan militates
against the rationale of Section 31 of the IBC. The Supreme Court
held that the successful resolution applicant should be given an
opportunity to take over and run the business of the corporate
debtor on a clean slate. Accordingly, a resolution applicant should
not be suddenly faced with undecided claims which would
throw into uncertainty the amounts payable by a resolution
applicant to take over the business of the corporate debtor.
Sandstede committed to boosting Range economic recovery while COVID remains mesabitribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mesabitribune.com Daily Mail and Mail on Sunday newspapers.