Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Gail, Getco Move Nclt Seeking Rejection Of Arcelormittal's Essar Steel Bid | Business Standard News
Real Assets

Gail, Getco Move Nclt Seeking Rejection Of Arcelormittal's Essar Steel Bid | Business Standard News

by business-standard.com posted 2months ago 36 views
Aggrieved by ArcelorMittal's resolution plan, GAIL and GETCO filed separate interlocutory applications in the Ahmedabad-bench of NCLT. : State-run gas utility GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved the National Company Law Tribunal (NCLT) seeking rejection of ArcelorMittal's Rs 420 billion takeover plan for Essar Steel, saying operational creditors have been left out in the proposal. Last month, a committee of Essar Steel lenders picked ArcelorMittal's Rs 420 billion proposal to take over the debt-laden company by paying Rs 419.87 billion out of total dues of Rs 493.95 billion of financial creditors.

In this article