NCLAT gives conditional nod to ArcelorMittal's resolution plan for Essar SteelMarch 18 2019
The National Company Law Appellate Tribunal today gave a conditional nod to ArcelorMittal's resolution plan for debt-ridden Essar Steel.
Stating that there was no stay on the ArcelorMittal's resolution plan, the Appellate Tribunal directed for the constitution of a Monitoring Committee to "ensure that Essar Steel remains a going concern".
The Committee would be headed by the Resolution Professional who would implement ArcelorMittal's Resolution Plan in accordance with law.
The implementation . . .
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