Essar Steel auction: Numetal moves Supreme Court against NCLAT order

The NCLAT in its order on September 7 had directed ArcelorMittal to pay dues by September 11

Numetal on Wednesday moved the Supreme Court challenging the time given by the National Company Law Appellate Tribunal (NCLAT) to ArcelorMittal for payment of dues on account of defaulting firms — Uttam Galva Steels and KSS Petron. Numetal’s plea is based on the ground that there is no provision under the Insolvency and Bankruptcy Code (IBC), which allows three days' time to clear dues to become a qualified bidder. 

The NCLAT in its order on September 7 had directed Arcelor to pay dues by September 11.