Battle for Essar Steel: ArcelorMittal rebuffs VTB, says its bid is eligible

Retort is in response to VTB Capital statement that despite its lobbying with Indian govt, ArcelorMittal's 'ineligible bid' shouldn't be cleared

Even before the eligibility test score is out, a war of words has broken out between the two bidders for Essar Steel -- Numetal and ArcelorMittal.

A day after VTB Capital vice-chairman Makram Abboud said ArcelorMittal's bid for Essar Steel was ineligible, the world's largest steel maker responded that its bid was "eligible".

“We are confident about the integrity of the process, which will be adjudicated by the Resolution Professional. We continue to believe our bid is eligible and that as the world’s leading steel company in partnership with Nippon Steel and Sumitomo Metals, we have unrivalled industry