ArcelorMittal overcomes obstacles, expands steel, petchem business
The global steel major looks to acquire bankrupt companies in India to expand its steel business.
The global steel major looks to acquire bankrupt companies in India to expand its steel business.
NCLAT says Numetal’s revised bid without Rewant Ruia as a partner is valid; gives time till Tuesday to ArcelorMittal to clear dues of companies where its promoter and the steelmaker held a stake.
Lenders call for a second round of bids for the bankrupt steel maker even as the 270-day time limit for insolvency resolution under the IBC expires on April 29.