Tag: NCLAT
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NCLAT rejects Ruias’ Plea that Challenged Arcelor Mittal’s Bid for Essar Steel
As per the latest reports, The National Company Law Appellate Tribunal (NCLAT) on July 4 has rejected the plea of the Ruia family that challenged the eligibility of ArcelorMittal’s INR 42,000 crore bid for Essar Steel, thus clearing the hurdle in the Arcelor Mittal’s way to take over Essar Steel. On 8 March 2019, ArcelorMittal’s…