Tag: Essar Steel
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NCLAT Rejects Essar Steel’s Ex-Promoters Plea Challenging NCLT’s Order in Favour of Arcelor Mittal
In the latest update on Essar Steel’s insolvency case, the National Company Law Appellate Tribunal (NCLAT) refused Essar Steel’s ex-directors plea to stay the bankruptcy court’s order approving steel giant ArcelorMittal’s INR 42,000 crore takeover bid for Essar Steel. After the Ahmedabad bench of NCLT (National Company Law Tribunal) approved the Arcelor Mittal’s bid on…