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Numetal moves NCLAT against ArcelorMittal's eligibility for Essar Steel

ArcelorMittal also filed a separate appeal against being disqualified for bidding for Essar Steel

IBC, Insolvency law

Illustration: Ajay Mohanty

Veena Mani New Delhi
ArcelorMittal has appealed before the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal (NCLT) ruling, allowing it to bid for Essar Steel only after clearing of dues within 30 days.

Meanwhile, Numetal has also moved the NCLAT against this ruling,  contending that ArcelorMittal should not be allowed to participate in the bidding even if the latter’s dues were cleared.  

The appellate tribunal has issued notices to the resolution professional (RP) and the committee of creditors (CoC) and both the pleas will be heard on May 17.

Recently, in the Essar case, the NCLT Bench had sent the first bids

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First Published: Apr 27 2018 | 11:39 PM IST

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