Numetal

A Bench of Justices R F Nariman and Indu Malhotra has been hearing the cross appeals of Numetal and steel and mining major ArcelorMittal

The bench said irrespective of the claim that ArcelorMittal was the promoter at Uttam Galva, it has provided the documents to establish that it was not managing the affairs of Uttam Galva

Numetal has sought the information preferably by Tuesday, when its application against the NCLAT order is likely to be taken up in the Supreme Court

Numetal said it had argued before the CoC that it was a fully eligible resolution applicant under the IBC

OSPIL is the largest slurry pipeline in India and is strategic to Essar Steel plant in Paradip

The shareholders of the Mauritius-based Numetal, a special purpose vehicle that focuses on steel and infra space along with manufacturing, are VTB Capital