23
Apr
16:10
Essar creditors to reconsider original ArcelorMittal, Numetal bids
The National Company Law Tribunal (NCLT), Ahmedabad bench, has asked Essar Steel’s creditors to reconsider the resolution plans submitted by ArcelorMittal India and Numetal in the first bidding round, according to Indian press reports.
Both bidders had their resolution plans rejected last month by Essar’s insolvency resolution professional, Satish Gupta, for being ineligible (see Kallanish passim). ArcelorMittal subsequently removed itself as a …
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Anonymous
Very good overview of the weekly steel market.
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