Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th.
Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket
This Supreme Court ruling on Essar Steel Insolvency case has come as a big relief to Lakshmi Mittal as this ruling confirms ArcelorMittal's bid to buy the beleaguered company. Photo: Reuters
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