Uttam Galva Steels Ltd Tuesday said it has not received any communication from ArcelorMittal with regard to modalities of payment.
On September 10, ArcelorMittal moved the Supreme Court challenging the NCLAT order which held that Numetal's Rs 37,000 crore in second-round bid for Essar Steel was valid.
The Luxembourg-based firm had submitted a revised offer for Essar Steel which also included a commitment to pay Rs 7,000 crore dues to the financial creditors of Uttam Galva and KSS Petron to be eligible in the race to acquire the debt-laden firm.
In a BSE filing, Uttam Galva Steels Ltd said "the company has not received any communication regarding the modalities of payment from ArcelorMittal." PTI
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