Essar Steel promoters move NCLAT against NCLT order
CNBC-TV18
CNBC-TV18
  • 5 years ago
Arcelor Mittal's Rs 42,000 crore resolution plan for Essar Steel might have got the NCLT's approval, but the takeover might not be a cake walk for Lakshmi Mittal – Ruias. The promoters of Essar Steel moved the appellate tribunal against the NCLT order today. Standard Chartered, one of the dissenting lenders to Essar Steel had already moved the appellate tribunal earlier, reports Ashmit Kumar.
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