 "Essar Steel")
The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition moved by promoters of Essar Steel India against the National Company Law Tribunal (NCLT)-Ahmedabad’s judgment approving ArcelorMittal’s resolution plan for debt-laden Essar Steel.
The NCLT-Ahmedabad had on March 8 approved ArcelorMittal’s Rs 42,000-crore takeover bid for debt-laden Essar Steel.
Three directors of Essar Steel had mentioned the issue on Monday before a two-judge Bench headed by Chairman Justice S J Mukhopadhaya. The Bench had asked the matter to be listed after the full written order of NCLT-Ahmedabad was uploaded.
The three directors of Essar Steel are Prashant
