Essar Steel Insolvency: Ruias’ Proposal To Retain Essar Steel Unlikely To Succeed, Say Lawyers
Prashant Ruia, Director of Essar Capital, speaks to BloombergQuint. (Photographer: Vijay Sartape/BloombergQuint) 

Essar Steel Insolvency: Ruias’ Proposal To Retain Essar Steel Unlikely To Succeed, Say Lawyers

The offer by Essar Steel’s promoters—the Ruia family—is an attempt to defeat the procedure prescribed under the bankruptcy law, scuttle the process and cause confusion, lawyers told BloombergQuint....
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