List out steps for implementation of Essar Steel resolution plan: NCLAT tells ArcelorMittal

Aditi Singh April 9 2019
NCLAT, Jaypee

The National Company Law Appellate Tribunal (NCLAT) today directed ArcelorMittal to list out the steps for implementation of its Rs 42,000 crore resolution plan for Essar Steel.

The same has to be filed in the form of an affidavit, the Appellate Tribunal stated.

A two-member Bench of the NCLAT led by Chairperson Justice SJ Mukhopadhaya also said that it might direct ArcelorMittal to deposit the money promised in the resolution plan in a separate account, on the next date . . .

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