Essar Steel bid: LN Mittal led ArcelorMittal India faces Rs 8,000 cr bill

Going by the observation made by the Ahmedabad bench of National Company Law Tribunal (NCLT) in its order on Numetal India and ArcelorMittal India case, the latter would not be eligible for acquiring Essar Steel just by selling its stake in Uttam Galva Steel and KSS Petron. 

Essar Steel bid: LN Mittal led ArcelorMittal India
NCLT in its order on Numetal India and ArcelorMittal India case, the latter would not be eligible for acquiring Essar Steel just by selling its stake in Uttam Galva Steel and KSS Petron. Image source: Reuters

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