Category: Monnet Ispat

Tribunal dismisses appeals against Monnet Ispat Resolution plan

Source: NEW DELHI: An appellate tribunal on Monday dismissed appeals by some creditors of steelmaker Monnet Ispat & Energy against a Rs 2,875-crore resolution plan offered by AION Investments and JSW Steel.  The Mumbai bench of the National Company Law Tribunal (NCLT) had approved the proposal last year. Operational creditors Bharat Heavy Electricals, GAIL

JSW Steel weighs British Steel’s prospects ahead of likely bid MUMBAI: Sajjan Jindal-promoted JSW Steel Ltd is weighing options for British Steel Ltd after the UK company’s liquidation advisor EY reached out to it, a person aware of the development said. A team from JSW Steel, India’s second largest private steelmaker, has started looking at the company and its prospects, the person cited above said on