Sunday, 18 March 2018

Rebids likely for Essar Steel to ensure IBC compliance

MUMBAI: Lenders led by State Bank of India are likely to seek another round of bids for Essar Steel after the resolution professional (RP) concluded that both offers — by ArcelorMittal and Numetal — may not be valid under the current Insolvency and Bankruptcy Code (IBC), said two senior bank off

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via Rebids likely for Essar Steel to ensure IBC compliance

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