NCLAT reserves verdict in appeals against approval of ArcelorMittal's plan for Essar Steel

Aditi Singh May 21 2019
Essar Steel

The National Company Law Appellate Tribunal has today reserved its verdict in a batch of appeals moved against the approval of ArcelorMittal’s resolution plan for Essar Steel.

During the course of the hearings, a two-member Bench headed by Chairperson Justice SJ Mukhopadhyay and Justice Bansi Lal Bhat has hinted that it would restrict its scrutiny to the distribution of the money . . .

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