Ravi Ruia

The dues pertain to debts of Uttam Galva Steels and KSS Petron, in which the steelmaker had invested

Essar Steel auction: A perception game plays out in the public

ArcelorMittal, Numetal push their cases as an all-important meet in the auction takes place this week

Mittal vs Ruias: The battle for Essar Steel

Sources say bids for the company will be opened on Wednesday

Essar secures loan from Russia's VTB to delist shrs:Sources

Essar, promoted by billionaire brothers Shashi and Ravi Ruia, needs funds to pay down debts to banks including Standard Chartered, while Rosneft wants to spread its reach across Asian markets to hedge against the risk that any new Western sanctions against Russia could hit crude sales.

SC junks Essar's plea challenging Spl court's jurisdiction

The apex court had on September 22 reserved its verdict on a petition filed by the company and its promoters Ravi and Anshuman Ruia contending that since their is no offence made out against them under Prevention of Corruption Act, Special 2G Court had no jurisdiction to prosecute them in the case.

Essar-Loop case: 2G court to hear final arguments on Nov 17

CBI had chargesheeted the accused on December 12, 2011, alleging they had cheated the DoT by using Loop Telecom as a "front" to secure 2G licences in 2008.

Essar, Ruias violated 2G auction norms:CBI to Special Court

Advancing the ongoing final arguments in the case, Special public prosecutor Anand Grover said that people may have nominal role in a firm but the question is who exercises the direct control or who have "significant influence" in the policy-making of a company.

Loop Telecom was 'front company' for Essar: CBI to court

Advancing the ongoing final arguments in the case, Special public prosecutor Anand Grover said that violation of clause 8 of UASL guidelines by the accused firms was a crucial factor.

Essar created corporate veil to hide holdings in Loop: CBI

CBI on Thursday alleged before a special court that Essar Group of companies had created a “corporate veil” through a web of firms to “conceal” its actual holding in Loop Telecom Ltd (LTL) to “circumvent” the guidelines of Unified Access Services Licences (UASL).

Additional spectrum case: Court to hear matter on Feb 6

The court was earlier informed that the Supreme Court has quashed the order summoning Bharti Cellular CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia as accused in the case.

SC quashes 2G Court summons against Mittal, Ruia

However, the SC has granted the 2G court the liberty to summon Sunil Mittal and Ravi Ruia again.

Essar Oil gains 4%, co to buy 74% stake in Vadinar Power

Essar Group firm on Wednesday said it will convert over USD 1 billion worth of rupee loan into dollar debt by March to reduce its cost of borrowings and will acquire group firm, Vadinar Power Company, for Rs 2,100 crore.

Essar Oil to convert over $1 bn rupee loan into dollar debt

The coal fired power plant, owned by VPCL, is already providing a refining margin uplift of USD 1-1.5 per barrel to the company.

Additional spectrum: Hearing against Mittal, Ruia on Jan 12

The apex court, in its April 26 last year interim order, had said that hearing against Mittal and Ruia in the case will remain "postponed" in the trial court until further orders.

Not enough proof to proceed against Ravi Ruia: CBI

The counsel has said that both Ruia and Sterling Cellular appear to have benefited from actions of Sunil Bharti Mittal. Sterling Cellular is now known as Vodafone Mobile Service Ltd and Ruia was a rotational director at the time of grant of additional spectrum.

Not handling daily affairs of Sterling Cellular: Ruia to SC

Essar Group promoter Ravi Ruia today told the Supreme Court that he was not connected with the day-to-day affairs of accused company Sterling Cellular Ltd and the special court wrongly summoned him as an accused in a corruption case related to allocation of additional spectrum during the NDA regime in 2002.

Sunil Mittal, Ravi Ruia assail summoning order in spectrum

Mittal and Ruia, whose names were not mentioned in CBI's charge sheet as accused, were, however, summoned on March 19, last year by the special CBI court saying there was "enough material" to proceed against them in the case.

Individuals can be tried without being named as accused: SC

This development is likely to have serious repercussions for Airtel‘s Sunil Mittal and Essar‘s Ravi Ruia who have been named in the additional spectrum case.

SC refuses to give clarification in Mittal, Ruia's case

The Supreme Court on Wednesday declined to pass any order on the issue of proceedings in the special CBI court against Bharti Cellular Limited CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.

2G case: Mittal, Ruia seek recall of SC orders

Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and other accused in the 2G case today told the Supreme Court that its orders barring the High Court from hearing cases arising out of the scam and directing trial on day-to-day basis has turned into an "instrument of torture" and seriously impaired their rights.

Court asks Mittal, Ruia to get clarification from SC

A Delhi court asked Sunil Mittal and Ravi Ruia to seek clarification from the Supreme Court (SC) regarding its interim order on the issue of holding trial proceedings in the additional spectrum allocation case.

Court fixes additional 2G spectrum case for July 31

Apart from Mittal and Ruia, the others who were summoned as accused are Canada-based NRI Asim Ghosh, who was the then Managing Director of accused firm Hutchison Max Telecom Pvt Ltd, and former Telecom Secretary Shyamal Ghosh.

SC issues notice to CBI in 2G scam case

The Supreme Court has issued notices to the CBI on petitions filed by Bharti Airtel chairman Sunil Mittal and Essar Group's vice chairman Ravi Ruia. Mittal and Ruia are seeking quashing of summons issued by the 2G trial court in the additional spectrum scam matter

New SC bench commences hearing Mittal, Ruia's plea

After recusal of two judges, a new Supreme Court bench today commenced hearing on the pleas of Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.

New SC bench to hear Sunil Mittal, Ruia plea on April 25

CNBC-TV18's Malvika Jain reports that after recusal of two judges, a new bench has been constituted in the Supreme Court to hear the petitions of Bharti Airtel chairman Sunil Bharti Mittal and Essar Group promoter Ravi Ruia on April 25.