Mumbai: ArcelorMittal will pay ₹ 7,469 crore to the financial creditors of Uttam Galva Steels Ltd and KSS Petron Pvt. “ArcelorMittal announces that in line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of ₹ 7,469 crore to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order …
New Delhi: The Supreme Court on Thursday directed Numetal to clear all outstanding dues of not only Essar Steel Ltd but also bad debts of over one year of other Essar Group entities to be eligible to bid for the debt-laden steel maker. ArcelorMittal was also allowed by the court to submit revised resolution plans for Essar Steel provided it …
