ArcelorMittal in talks with lenders on payment of dues as deadline looms

The Supreme Court had on October 4 granted time to ArcelorMittal and Numetal to clear dues for NPAs to be eligible to bid for Essar Steel

ArcelorMittal is in discussions with lenders for payment of dues for Uttam Galva Steels and KSS Petron as the Supreme Court-mandated deadline of October 18 is nearing.
 
The Supreme Court (SC) had on October 4 granted time to ArcelorMittal and Numetal to clear dues for non-performing assets (NPAs) to be eligible to bid for Essar Steel.
 
It is likely that Arcelor would have to cough up more than Rs 70 billion, the amount it had parked for the purpose.
 
When the committee of creditors demanded a no dues certificate from Arcelor and Numetal, in keeping with the