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Former Essar Steel directors approach NCLAT against takeover
short by Shruti Maria Mahendar / on 12 Mar 2019,Tuesday
Three directors of erstwhile board of Essar Steel on Monday approached National Company Law Appellate Tribunal (NCLAT) against the NCLT order that allowed ArcelorMittal to take over the cash-strapped company. The bankruptcy court had on Friday approved the Lakshmi Mittal-led company's ₹42,000-crore bid for Essar Steel. It also suggested that ArcelorMittal's payment be distributed among creditors.
short by Shruti Maria Mahendar / 08:00 am on 12 Mar
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