July 23, 2021

$415-million loan non-repayment case: Essar’s international lenders may liquidate parent company

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By Krishn Kaushik | New Delhi From Indian Express A clause in term sheet says that lenders retain right to force EGFL into insolvency EGFL stands as a guarantor in a pre-petition agreement for a 0-million loan by a clutch of US investors led by hedge fund sponsor Davidson Kempner Capital Management to Essar Steel […]