NCLAT directs NCLT to pass orders in Essar Steel insolvency case by Feb 28

Reserving its order on the objections raised by operational creditors, NCLT Ahmedabad has asked all of them to give a written submission by Feb 13

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the time till February 28 for the National Company Law Tribunal (NCLT) to pass orders in the ongoing corporate insolvency resolution process of Essar Steel. The NCLT has time till February 19 to complete hearing in the Rs 42,000-crore resolution plan submitted by ArcelorMittal for Essar Steel, said a two-member Bench led by Chairperson Justice S J Mukhopadhaya.  

It has also directed the Ahmedabad Bench of NCLT to conduct daily hearings in the case to ensure pleas of all creditors were heard. Earlier on Monday, NCLT Ahmedabad had, while