Es­sar Steel to Face Bankruptcy Move

The Economic Times - - Front Page -

Na­tional Com­pany Law Tri­bunal (NCLT) has ap­proved bankruptcy pro­ceed­ings against Es­sar Steel by SBI. Now, Satish Kumar Gupta of con­sult­ing firm Al­varez and Marsal In­dia will take over the pow­ers of the Es­sar Steel board and work with the man­age­ment in run­ning day-to-day af­fairs of the steel maker.

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