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Home › Research › NCLAT refuses stay on NCLT nod to ArcelorMittal plan - Economics Times-16.03.2019
Research16 Mar 2019

NCLAT refuses stay on NCLT nod to ArcelorMittal plan - Economics Times-16.03.2019

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The National Company Law Appellate Tribunal Friday refused to stay a bankruptcy court order approving steel giant ArcelorMittal's Rs 42,000 crore takeover bid for Essar SteelNSE 0.00 % and sought a fresh plan for the distribution of bid amount between financial and operational creditors of the debt-laden firm. Read more at Here

The National Company Law Appellate Tribunal Friday refused to stay a bankruptcy court order approving steel giant ArcelorMittal's Rs 42,000 crore takeover bid for Essar SteelNSE 0.00 % and sought a fresh plan for the distribution of bid amount between financial and operational creditors of the debt-laden firm. Read more at Here
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