Month: February 2019

BS: NCLT rejects Essar Steel’s operational creditors plea against Arcelor’s bid

28 February 2019: The National Company Law Tribunal (NCLT)-Ahmedabad on Thursday rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMittal’s Rs 42,000-crore bid. It is seeking consideration of promoters Essar Steel Asia Holding’s (ESAHL’s) Rs 54,000-crore proposal.   Around eight OCs, including Orissa… Read More ›

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