Lakshmi Mittal's bankrupt brother's deal to pay 0.2% debt to creditors revoked in UK

A London court on Friday overturned a deal made by Pramod Mittal under which he agreed to pay 0.2% of his total debt of more than $2 billion to his creditors. Pramod, who is the younger brother of billionaire steel tycoon Lakshmi Mittal, was declared bankrupt in June 2020 over an approximately $170 million debt owed to UK's Moorgate Industries.