Read more at:
In a big win for ArcelorMittal, National Company Law Appellate Tribunal (NCLAT) today allowed implementation of ArcelorMittal's Rs 42,000 crore resolution plan for Essar SteelNSE 0.00 % sale subject to the final order. However, according to some reports, Essar may challenge the order in the Supreme Court.
National Company Law Appellate Tribunal on Friday had refused to stay National Company Law Tribunal's (NCLT) Ahmedabad bench order approving steel giant ArcelorMittal's Rs 42,000 crore take...