NCLT to pass order on Essar Steel insolvency case later today; ArcelorMittal favourite, all eyes on Ruias


NCLT to pass order on Essar Steel insolvency case later today; ArcelorMittal favourite, all eyes on Ruias

The Ahmedabad bench of the National Company Law Tribunal (NCLT) will on March 8 deliver its verdict on the Essar Steel insolvency case. The case is listed to be heard in the second half of the day, and is number 10 on the Cause List.

Purpose of the hearing: ‘Pronouncement order’. Essar Steel is the biggest, and probably the most debated, insolvency case from the Reserve Bank of India’s (RBI) first list of bankrupt companies referred to NCLT.

The hearing comes after a deadline set by the National Company Law Appellate Tribunal (NCLT) during its hearing on February 28. The Appellate Tribunal had said it may pass an order, if the NCLT failed to do so by March 8. Read More

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