Essar Steel Insolvency: ESAHL moves NCLAT challenging ArcelorMittal resolution plan

Aditi Singh May 8 2019
Essar Steel

Essar Steel Asia Holdings Limited (ESAHL) has moved the National Company Law Appellate Tribunal (NCLAT) challenging the approval granted to ArcelorMittal’s resolution plan for Essar Steel.

Through its application which forms part of the appeal by Prashant Ruia, ESAHL has sought to place on record "the fraudulent lies, falsehood, suppression and misrepresentation" indulged by ArcelorMittal before the Supreme Court, National Company Law Tribunal (NCLT) as well as the Committee of Creditors (CoC). This is a fresh issue raised by the promoter side, Ruias. Until now, their . . .

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