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English court declines declaration on Essar notes due to Indian bankruptcy

By Dominic Lawson

22 November 2018

English court declines declaration on Essar notes due to Indian bankruptcy Steel mill / iStock.com/mbz-photodesign

An English court has refused to declare the value of a tranche of notes issued by steelmaker Essar Steel India, voicing concerns that it could interfere in the company’s Indian insolvency proceedings.