03
Oct
21:45
Electrosteel Steels seeks debt resolution plan
Trouble Indian steelmaker, Electrosteel Steels is seeking expressions of interest (EOI) for submission of a resolution plan in accordance with the provisions of India’s Insolvency and Bankruptcy code.
The steelmaker was declared insolvent in June 2017 (see Kallanish passim) and a resolution professional (RP) appointed. The RP has now published an announcement in the Economic Times asking for submissions of debt resolution plans from suitably qualified appl…
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Anonymous
Very good overview of the weekly steel market.
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