Ruia, Essar Steel directors move NCLT to quash ArcelorMittal's takeover bid

The petition was moved on February 1 before the NCLT Ahmedabad bench and is likely to come up for hearing on Tuesday

In an attempt to get back into the Essar Steel game, Essar Group director Prashant Ruia has moved a fresh application before the National Company Law Tribunal (NCLT) Ahmedabad bench seeking quashing of ArcelorMittal's takeover bid of the insolvent steelmaker.

The petition moved on February 1, is likely to come up for hearing on Tuesday and it includes Essar Steel's former managing director Dilip Oommen as well as project director Rajiv Kumar Bhatnagar as joint petitioners. The two-member bench, comprising adjudicating authorities Harihar Prakash Chaturvedi and Manorama Kumari, are yet to admit the petition.

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