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arcelormittal petition in essar steel case

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Essar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year.(Reuters File Photo)

NCLAT to hear NuMetal, ArcelorMittal petition in Essar Steel case on May 17

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON APR 27, 2018 12:37 PM IST
In the petition, NuMetal said the Ahmedabad-bench of NCLT had disqualified ArcelorMittal India Ltd from bidding to acquire Essar Steel, on grounds that it was a promoter company of firms that had defaulted on payment of bank loans.
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