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  • Insolvency proceedings: Uttam Galva Steels asks lenders for counter-offer

    Insolvency proceedings: Uttam Galva Steels asks lenders for counter-offer, one of the companies undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), has asked for a counter offer from its lenders at a joint lenders’ meeting. Uttam Galva had offered to pay Rs 52 billion and settle its dues with all its lenders. However, the lenders had indicated the dues to be between Rs 56 billion and Rs 59 billion.

    Read more at Insolvency proceedings: Uttam Galva Steels asks lenders for counter-offer.

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