Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.
11 Jun 2018 2:29 PM
Electrosteel owes lenders more than Rs 13,000 crore, of which about Rs 5,000 crore is to State Bank of India alone.
30 May 2018 2:58 PM
The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.
14 May 2018 6:40 PM
The 270-day resolution deadline stipulated by IBC ended Tuesday.
18 Apr 2018 8:27 AM