![NCLT clears ArcelorMittal’s resolution plan for Essar Steel](http://media.assettype.com/barandbench%2Fimport%2F2017%2F08%2FWhatsApp-Image-2017-08-02-at-15.15.26-e1552908124621.jpeg?w=480&auto=format%2Ccompress&fit=max)
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.