Steel rolls sit on railway freight wagons ready for shipping at a steel mill. (Photographer: Andrey Rudakov/Bloomberg)

Lenders Say New Offer By Essar Steel’s Promoters Not Maintainable

Lenders of insolvent Essar Steel Ltd. asked for the company’s petition at the National Company Law Tribunal to be dismissed, calling the new offer by the Ruias “not maintainable”.Ravi Kadam, arguin...