Reconsider proportion of distribution of money among creditors of Essar, NCLAT tells CoC

Reconsider proportion of distribution of money among creditors of Essar, NCLAT tells CoC

Reiterating that there is no stay on the approval granted to ArcelorMittal’s resolution plan for Essar Steel, the NCLAT today clarified that the resolution plan has to be implemented “in the letter and spirit” of the order passed by the NCLT, Ahmedabad Bench.

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