Ineligible ArcelorMittal pointing fingers at others' eligibility: JSW CFO

JSW Steel has been declared as an eligible resolution applicant, says Seshagiri Rao, joint managing director and group chief financial officer

A day after ArcelorMittal said JSW runs afoul of Section 29A, on account of related party links in the Monnet Ispat deal, Seshagiri Rao, joint managing director and group chief financial officer, JSW Steel, tells Ishita Ayan Dutt that his company has been declared an eligible resolution applicant by a third party while ArcelorMittal was found ineligible for Essar Steel. The “related party link” in question is Seema Jajodia, Sajjan Jindal's sister and an erstwhile promoter of Monnet Ispat & Energy, who sold her shares and declassified as a promoter of the company. Edited excerpts: