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Essar Steel Asia has no right over mortgaged asset, says CoC

Senior counsel Ravi Kadam told the NCLT that the mortgaged assets belonged to the creditors and the public

BS Reporter 

Essar Steel

Countering Asia’s claims for a right to redeem the insolvent as a holding company with a 75 per cent stake, senior counsel for the argued that it had no right over the mortgaged asset as a shareholder in the

Representing the CoC, senior counsel Ravi Kadam told the NCLT that the mortgaged assets belonged to the creditors and the public.

First Published: Wed, December 19 2018. 03:30 IST
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