Essar Comment on NCLAT verdict - Essar | Creating Value

Essar Comment on NCLAT verdict

Jul 4th, 2019

The following is Essar’s comment on the NCLAT verdict related to Essar Steel promoter’s plea on Arcelor’s eligibility:

“It appears that new facts regarding ineligibility under Section 29A, which emerged only after the previous judgement of the Supreme Court, have not been given due consideration. We are awaiting the detailed order and will decide our course of action thereafter.”