NCLAT okays Arcelor’s bid for Essar Steel

The National Company Law Appellate Tribunal (NCLAT) has upheld steel tycoon Lakshmi Mittal-led ArcelorMittal’s £4.2 billion bid for the acquisition of Essar Steel

PNB allowed to recover £720 mn from Nirav Modi

The Debt Recovery Tribunal (DRT) has directed fugitive diamantaire Nirav Modi and his companies to pay Punjab National Bank (PNB) and a consortium of banks an aggregate sum of £720 mn, with 14.3% annual interest from June 30, 2018

Punjab National Bank’s (PNB’s) woes don’t seem to be ending with the state-run lender reporting a loss of £475 million in the March quarter



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