Sunday, 17 December 2017
Lenders propose new plan to fast-track Essar Steel resolution
MUMBAI: Lenders to Essar Steel are reducing the time taken to resolve the biggest default in the industry by mandating that whoever is the bidder must have at least Rs 500 crore in cash balance, or provide a bank guarantee for a similar amount, and simultaneously provide a resolution plan with the s
You can read more here: Lenders propose new plan to fast-track Essar Steel resolution
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