Essar Steel Asia says SC order no bar on its offer

Essar Steel Asia says SC order no bar on its offer

Essar Steel Asia Holdings (ESAHL) argued on Monday that the Supreme Court’s October order does not bar the National Company Law Tribunal or the Essar Steel lenders from considering the settlement offer proposed by it ‘for and on behalf of Essar Steel’.

ArcelorMittal win challenged again as SCB moves NCLT

ArcelorMittal win challenged again as SCB moves NCLT

Following several operational creditors challenging the decision of Essar Steel’s Committee of Creditors (CoC) to sell the debt-ridden steel major to ArcelorMittal at the National Company Law Tribunal (NCLT), Standard Chartered Bank (SCB) has followed suit.

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