 "A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic. Photo: Reuters")
ArcelorMittal made a strong pitch for eligibility before the committee of creditors (CoC) on Wednesday, but if asked to pay dues on account of defaulting companies, it might consider as a goodwill gesture.
“We believe our position is strong on both (Uttam Galva and KSS Petron) and that is what we presented yesterday. And if we have to do anything, then that is as a gesture of goodwill,” said a company source on the issue of repayment of dues.
The CoC is expected to meet on Saturday, after which a formal notice for ‘curing’ the ineligibility is likely to be
