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Essar Steel lenders may give more funds to operational creditors but unwilling to pay StanChart more

Updated : March 29, 2019 07:13 AM IST

The SBI led consortium of lenders is set to vote on the proposal to allot more funds out of Rs 42,000 crore offered by ArcelorMittal to operational creditors on Friday.
The NCLT bench had suggested that secured financial creditors be paid 85 percent of their dues, and the remaining 15 percent or Rs 6,300 crore be paid to operational creditors and other stakeholders.
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