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Operational creditors move NCLT against ArcelorMittal takeover of Essar Steel

Updated : November 14, 2018 06:28:15 IST

Another operational creditor, R K Logistic, which has total dues of Rs 226 crore, is likely to file a similar petition in NCLT tomorrow.
First Orissa Stevedores Ltd, which has Rs 20.46 crore in outstanding dues from Essar Steel, filed an interlocutory application in the NCLT seeking a direction to Committee of Essar Steel Creditors "not to take any further action for implementation" the takeover bid made by ArcelorMittal till the settlement proposal is considered.
Published : November 13, 2018 10:18 PM IST

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