NCLAT asks NCLT Ahmedabad bench to expedite decision on Essar Steel bid
he appellate tribunal was hearing an application filed by the committee of creditors (CoC) seeking an early decision
 "Essar Steel")
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The battle for Essar Steel will also see how courts interpret Section 29A of the Insolvency and Bankruptcy Code, which bars promoters of defaulting firms from bidding for stressed assets
The National Company Law Appellate Tribunal (NCLAT) Thursday asked the Ahmedabad bench of National Company Law Tribunal (NCLT) to expeditiously take a final decision in the Essar Steel insolvency case, where Arcelot Mittal has emerged as the highest bidder.