 "Lakshmi Niwas Mittal, ArcelorMittal")
In the battle for Essar Steel, Monnet Ispat & Energy, bagged by the JSW-AION combine under the Insolvency and Bankruptcy Code (IBC), has been caught in the crossfire.
On Tuesday, the resolution plan put forward by JSW-AION for Monnet Ispat & Energy, which, like Essar Steel, is one of the 12 cases mandated by the Reserve Bank of India (RBI) for debt resolution under the IBC, was approved by the committee of creditors by a 98.97 per cent vote.
By Wednesday evening a tweet surfaced on ArcelorMittal India’s Twitter handle tagging JSW Group Chairman Sajjan Jindal:
