NCLT clears ArcelorMittal's resolution plan for Essar Steel

Bar & Bench March 8 2019
Essar steel

The Ahmedabad bench of National Company Law Tribunal (NCLT) has today reportedly cleared ArcelorMittal's Rs 42,000 crore resolution plan for Essar Steel, 583 days after it was admitted into the tribunal for insolvency proceedings, far beyond the prescribed 270-day deadline.

Essar Steel is one of the 12 large cases referred by the Reserve Bank of . . .

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