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ABOUT THE BOOK

"The Essar Steel Insolvency Saga" offers a detailed exploration of one of India's most pivotal insolvency cases, shedding light on corporate insolvency's practical and legal dimensions under the Insolvency and Bankruptcy Code, 2016 (IBC). The book meticulously traces the Corporate Insolvency Resolution Process in the Essar Steel case, emphasizing the roles of key entities such as the Committee of Creditors, National Company Law Tribunal, and National Company Law Appellate Tribunal.The Essar Steel case represents a milestone in Indian insolvency jurisprudence, shifting from debtor- driven control to a creditor-centric approach. This resolution not only recovered over 90% of creditor dues but also showcased the potential of the IBC as a time-bound mechanism for resolving corporate insolvencies. By offering insights into operational challenges and reforms, this book serves as a vital resource for legal practitioners, insolvency professionals, corporate stakeholders, and academics invested in corporate law.