Behind India’s Largest IBC Recovery: The Essar Steel Story
A security guard pulls a gate across the logo of Essar. (Photographer: Abhijit Bhatlekar/Bloomberg News)

Behind India’s Largest IBC Recovery: The Essar Steel Story

In July 2017, top lenders to Essar Steel Ltd. met in Mumbai to discuss pitches by restructuring firms that wanted to run the steelmaker’s for the nine months during the insolvency period. They look...
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