NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account
The National Company Law Appellate Tribunal (NCLAT) on Tuesday said it may direct ArcelorMittal, in the next hearing on April 23, to deposit Rs 42,000 crore for acquisition of the insolvent Essar Steel in a separate account.
According to reports, the company has recorded its best ever production at 6.8 million tonnes, higher by 10 per cent over the previous year and around 24 per cent in 2016-17. Reuters