Insolvency Foils BNY Claim On $32M Debt Securities

By Richard Crump (November 22, 2018, 1:35 PM GMT) -- A London judge has refused to rule that Bank of New York Mellon is owed approximately $31.7 million by a bankrupt steelmaker, Essar Steel India Ltd., under a number of securities, saying it would be inappropriate to do so because the company is involved in insolvency proceedings in its home country....

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