A roll of hot steel passes along a conveyor (Photographer: Jasper Juinen/Bloomberg)

Essar Steel Insolvency: NCLAT On Sharing Profit, Discrimination And Ruia’s Contention

The National Company Law Appellate Tribunal upheld ArcelorMittal SA’s bid for Essar Steel Ltd. but tweaked the way how claims will be settled, stripping lenders of a key power.The 118-page judgment...

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