Essar Steel creditors' panel chooses ArcelorMittal's joint bid: CNBC TV18
The committee of creditors of debt-laden Essar Steel India Ltd has chosen the resolution plan by ArcelorMittal SA and Japan`s Nippon Steel & Sumitomo Metal Corp as the winner, CNBC TV18 reported on Friday, citing sources.
![Essar Steel creditors' panel chooses ArcelorMittal's joint bid: CNBC TV18 Essar Steel creditors' panel chooses ArcelorMittal's joint bid: CNBC TV18](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/10/26/57291-essar-steel-pti.jpg?itok=yHK76oKV&c=ac83f34b40e4bc8abdd6dfb5abca35b0)
Essar Steel is one of a group of companies that are among India`s biggest debt defaulters that were dragged into the bankruptcy court last year. Photo courtesy: PTI