NCLT Ahmedabad had disqualified Numetal's bid for Essar Steel on the grounds that Rewant Ruia, son of Ravi Ruia, is a beneficiary of a trust that backed Aurora Enterprises, which in turn held about 25% stake in Numetal
1 min read11 May 2018ArcelorMittal has reasons to question the eligibility of the VTB-led Numetal group as under India's bankruptcy laws, owners of insolvent firms aren't eligible to bid for assets
2 min read4 Apr 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared