Tag: Arcelor

Standard Chartered Bank moves NCLT against CoC selecting Arcelor for Essar Steel

NEW DELHI: Standard Chartered Bank has filed an interlocutory application in the bankruptcy court against a panel of lenders selecting ArcelorMittal to takeover debt-ridden Essar Steel, saying the decision was “illegal” and was taken without considering its claims. Standard Chartered Bank (SCB), which has more than 7.5% weightage in the Committee of Essar Steel Creditors, […]

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