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Corporate Insolvency Resolution Process

ESSAR STEEL INDIA LIMITED

FOR THE ATTENTION OF THE CREDITORS OF ESSAR STEEL INDIA LIMITED

The committee of creditors of Essar Steel India Limited (CoC) has, by requisite majority, approved the resolution plan submitted by ArcelorMittal India Private Limited on October 25, 2018, including payment to various creditors under Insolvency and Bankruptcy Code, 2016 (IBC), after evaluating its feasibility and viability in accordance with Section 30(4) of the IBC. Further, the approved resolution plan has been filed before the Ahmedabad bench of Hon’ble National Company Law Tribunal (Adjudicating Authority) for approval of the Adjudicating Authority in accordance with the provisions of IBC. In this regard, the Adjudicating Authority has passed a common order dated 8 March 2019 in IA 431 of 2018 and connected matters.

Kindly note that no claims can be considered at this stage in light of Regulation 12(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations). CIRP Regulations states: “A creditor, who failed to submit proof of claim within the time stipulated in the public announcement, may submit such proof to the interim resolution professional or the resolution professional, as the case may be, till the approval of a resolution plan by the committee.

NAME   :   Mr. Satish Kumar Gupta
ADDRESS   : C/o Alvarez & Marsal India Private Limited.
Units 703 & 704, 7th Floor, Tower A,
Peninsula Corporate Park, Ganpatrao Kadam Marg,
Lower Parel (West), Mumbai - 400013
EMAIL ADDRESS  :  ip.essarsteel@gmail.com
REGISTRATION NO.  :   IBBI/IPA-001/IP-P00023/2016-2017/10056

RELATED INFORMATION

• Click here for NCLT order dated August 2, 2017

• Click here for public announcement dated August 5, 2017

• Click here for NCLT order dated March 8, 2019

• Click here for NCLAT order dated July 4, 2019

• Click here for website of the Insolvency and Bankruptcy Board of India.

List of Creditors

• ESIL 17th List of Creditors as of March 5, 2019

• List of Creditors – Observations as per Order dated March 8, 2019

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