Tag: ESSAR STEEL

The National Company Law Tribunal (NCLT) has approved the bid of Arcelor-Mittal for the takeover of debt-ridden Essar Steel. The approval comes after the National Company Law Appellate Tribunal (NCLAT) had directed NCLT to take a decision on ArcelorMittal’s offer for Essar Steel plant by 8 March,2019. Under Insolvency and Bankruptcy Code(IBC),National Company Law Tribunal… Continue reading ArcelorMittal to take over debt-ridden Essar Steel