Essar Steel NCLAT

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

The apex court said that the monitoring committee will continue its work in Essar insolvency till case is heard on August 7

Numetal and ArcelorMittal had moved the NCLAT against a previous order of the National Company Law Tribunal's (NCLT's) Ahmedabad bench