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Infrastructure

ArcelorMittal clears dues to remain an eligible bidder for Essar Steel

Updated : May 16, 2018 09:10 AM IST

ArcelorMittal deposited close to Rs 7000 crore in an escrow account at the State Bank of India to clear the outstanding dues of Uttam Galva Steels and KSS Petron.
Both Numetal and ArcelorMittal’s pleas regarding their disqualification will be heard by the National Company Law Appellate Tribunal on May 17.
ArcelorMittal clears dues to remain an eligible bidder for Essar Steel
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