Economy Numetal raises loan defaults by firms of Lakshmi Mittal's brothers Updated : September 17, 2018 11:41 PM IST Ispat Profiles, it asked, had unserviced debt in excess of Rs 2,000 crore and if L N Mittal was either a promoter, director or shareholder of the company. The IBC bars promoters of delinquent firms from bidding for stressed assets. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.