Picking up from the last hearing, Sibal appearing on behalf of Standard Chartered Bank continued his arguments on the third day of the Essar Steel Insolvency hearing. Questioning the role of distribution taken over by the CoC, Sibal on SCB's behalf argued that the CoC is not authorised to decide the distribution of the resolution plan, and going by the …
![Essar Insolvency: SC Hears Arguments Of Standard Chartered Bank & Operational Creditors Against CoC & Arcelor Mittal [Read Written Submissions]](https://www.livelaw.in/h-upload/2019/10/18/365671-essarsteel-1519200059.jpg)