Global steel major ArcelorMittal on Monday told the National Company Law Appellate Tribunal (NCLAT) that it will pay ₹42,000 crore to acquire debt-laden Essar Steel under the insolvency process. This includes a minimum guarantee of ₹2,500 crore as working capital. The firm further accused Ruias, former Essar Steel promoters, of creating hurdles in the resolution process of the bankrupt steelmaker.