Tag: Numetal

Numetal and Arcelor Mittal Back in Race to Acquire Bankrupt Essar Steel

Sep 8, 2018

—

by

Aditi Tiwari

in HRC

In the latest update in Essar Steel’s insolvency case, the NCLAT (National Company Law Tribunal) has allowed lenders to consider the second round of bids submitted by Numetal and Arcelor Mittal thus moving a step ahead in the case which was put on hold in the month of May’18. In doing so, the NCLAT upheld…