Insolvency: Lenders ask NCLT to dismiss Essar bid

Insolvency: Lenders ask NCLT to dismiss Essar bid

The lenders of bankrupt Essar Steel on Wednesday told the Ahmedabad bench of the National Company Law Tribunal (NCLT) that the last-minute offer by the company’s promoters to pay Rs 54,389 crore should be dismissed as it is “not maintainable”.

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