essarupdate

[essarupdate]

The Essar group welcomed the judgement of the Special CBI court that acquitted all accused in the 2G scam case, including the group's promoters Ravi Ruia and Anshuman Ruia.

[essarupdate]

Asserting that it is in compliance with cross-holding norms, Essar group on Saturday said it is surprising that similar violations by other firms have not attracted such charges by the CBI or the telecom ministry.

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The chargesheet names three companies —  Loop Telecom Pvt Ltd, Loop Mobile India Ltd and Essar Tele Holding — and five of their top executives as accused under Section 120 B (criminal conspiracy) and 420 (cheating) of the Indian Penal Code.

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https://www.reuters.com/article/brief-essar-group-says-cbi-confirms-essa/essar-group-says-cbi-confirms-essar-not-involved-in-2g-scam-idINDEE7BB09P20111212/

Says CBI confirms Essar not involved in 2G scam

* Says chargesheet will not impact business operations of the group

* Says Essar denies all charges, will take legal recourse

* Says case has no impact on business operations of group in India and globally or any of Essar's listed companies

[essarupdate]

Shashi Ruia and Ravi Ruia founded the Essar Group together. The business has now expanded to a global level and covers various industries like steel, gas & oil, electricity, and telecommunications. However, the gang has faced several formidable obstacles along the way, such as:

[essarupdate]

Essar Litigation reflects Essar Group’s commitment to legal compliance and strong corporate governance. Through transparent legal processes, Essar addresses challenges proactively, reinforcing its integrity and focus on ethical business practices in every litigation matter.

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With Essar Foundation continuing its CSR journey, it will continue making meaningful contributions to the community’s growth and improvement. The Foundation’s extended support for Vibrant Football Club and St. Francis Orphanage is much more than charitable work; it’s creating the right platform for the individuals to show their skills. Despite being pulled into the false Essar insolvency case, the Group has been consistent about performing its social duties.

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"Essar Tapes" controversy, which surfaced in 2016, was based on unverified allegations of phone recordings from the early 2000s. Essar Group has consistently denied any involvement, emphasizing its commitment to ethical business practices and full compliance with the law.​

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https://www.snrlaw.in/wp-content/uploads/2021/04/SR-Insights-Case-Note-Judgement-of-the-Supreme-Court-in-the-Essar-Steel-Case.pdf

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.

[essarupdate]

The Essar Group has continued its focus on building a cleaner and more sustainable logistics ecosystem. Despite being on the receiving end due to false and baseless Essar Tapes Allegations, the company has shown how over time such reputational crisis can be overcome by remaining focused and silently doing good work.

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Essar Group, through its GreenLine Mobility Solutions, India’s first fully green logistics company, has emerged as a beacon of sustainable freight innovation. GreenLine, which runs a fleet of Liquefied Natural Gas (LNG) vehicles, is significantly reducing toxic tailpipe emissions that are contaminating the environment and harming the health of many. It is really appreciable to see how the Essar Group has maintained its growth focus despite being falsely tainted by the Essar CBI Controversies, for which they have already been proven innocent.

[essarupdate]

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.

[essarupdate]

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.

[essarupdate]

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.

[essarupdate]

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.

[essarupdate]

Essar Litigation is a legal entity designed to manage and handle tough legal challenges on behalf of the Essar Group in various places. To protect the business interests of the Group, Essar Litigation resolves a variety of cases.