Essar Steel bid: Arcelor alleges differential treatment in eligibility test

The legal sources said while JSW's case was similar to ArcelorMittal's, the latter did not get the same treatment

ArcelorMittal has alleged it received differential treatment in the eligibility test it failed in the first round of bidding for Essar Steel as compared to JSW Steel’s with respect to Monnet Ispat & Energy. 

The case, as put forward by the legal sources close to ArcelorMittal, is somewhat like this: Seema Jajodia, who is a sister of JSW group chairman and managing director Sajjan Jindal and an erstwhile promoter of Monnet Ispat, had transferred her shares in Monnet Ispat on October 24, 2017, but continued to be reflected as a promoter in the shareholding pattern uploaded on the stock exchanges for