Finance Essar Steel Case: NCLT adjourns hearing to Dec 10 Updated : November 28, 2018 02:27 PM IST Ravi Kadam, arguing on behalf of the committee of creditors (CoC), said that the CoC has already approved the sale of Essar Steel to ArcelorMittal-Nippon Steel. ArcelorMittal resolution plan includes an upfront payment of Rs 42,000 crore and another Rs 8,000 crore into Essar Steel to support operational improvement. 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.