Essar Steel: NCLT Rejects Promoter Ruias’ Settlement Bid
Prashant Ruia, Chairman of Essar Group, listens at a forum, in Saint Petersburg, Russia (Photographer: Andrey Rudakov/Bloomberg)

Essar Steel: NCLT Rejects Promoter Ruias’ Settlement Bid

The Ahmedabad bench of the National Company Law Tribunal has rejected the settlement offer by Essar Steel Ltd.’s promoters, the Ruia family. The offer was made on the day the Committee of Creditors...
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