GAIL, GETCO move NCLT seeking rejection of ArcelorMittal bid for Essar Steel
Updated : November 20, 2018 06:24 AM IST
Last month, a committee of Essar Steel lenders picked ArcelorMittal's Rs 42,000-crore proposal to take over the debt-laden company by paying Rs 41,987 crore out of total dues of Rs 49,395 crore of financial creditors.
Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.
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