Supreme Court orders status quo on Essar Steel resolution

Varun Marwah April 12 2019

The Supreme Court today ordered for status quo to be maintained in the case of Essar Steel. The status quo is with respect to the order of the NCLT order approving Arcelor Mittal's resolution plan.

The NCLT on March 8, 2019 approved the resolution plan submitted by Arcelor Mittal for Essar Steel. In this plan, however, Standard Chartered bank (SCB)  was . . .

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