ArcelorMittal, JSW Steel and Essar Steel continue slugfest over Essar bid

Essar's statement comes a day after Sajjan Jindal's interview in Davos to BloombergQuint in which he backed the settlement proposal made by the promoter family

Steel titans ArcelorMittal, JSW Steel and Essar Steel took turns in taking swipes at each other as the battle for the insolvent Essar rages.
 
Statements and tweets appeared to be the theme of the day as Essar Steel said in a statement, the proposal made by Essar Steel shareholders provides for payment of a total of Rs 54,389 crore to various creditors, which exceeds the resolution plan currently approved by the creditors by more than Rs 12,000 crore.
 
“This proposal has been submitted under the recently introduced Section 12A of the Insolvency and Bankruptcy Code (IBC). Under the