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

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