Ruias offer to pay Rs. 54,389-cr Essar Steel debt, want firm moved out of insolvency

摘要

Our Bureau In a last-ditch attempt to retain ownership of Essar Steel, the existing shareholders of the company — primarily the Ruia Group — have offered to settle the company’s entire debt of Rs.54,389 crore.In a proposal submitted on Thursday, the Ruias urged the lenders to withdraw the corporate insolvency resolution process against Essar Steel.