 "Essar Oil-Rosneft deal")
The resolution plans of ArcelorMittal and Numetal were sent to Grant Thornton and Cyril Amarchand Mangaldas on Wednesday by Essar Steel’s resolution professional, Alvarez & Marsal, as questions were being raised over their eligibility.
Once the bids get a green signal from the firms, they will be opened by the committee of creditors (CoC), who will take a call to accept or reject the offers by next week. The winning offer will then be sent to the National Company Law Tribunal (NCLT) for a final resolution. Bankers say the resolution professional and the NCLT will have to take a call on
