SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel [Read Judgment]
PTI
4 Oct 2018 11:30 AM IST
![SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel [Read Judgment] SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2018/10/RF-Nariman-and-Indu-Malhotra.jpg)
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4 Oct 2018 11:30 AM IST
The Supreme Court Thursday granted one more opportunity to mining major ArcelorMittal and Russia's VTB Capital-backed NuMetal to bid for Essar Steel if they clear their Non-Performing Asset (NPA) dues in two weeks.A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible under amended Insolvency and Bankruptcy Code to bid for the firm but granted them...
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