Top 10 biz headlines: Essar Steel auction, IMF on India's growth, & more

IMF on India's growth to Essar Steel bidding , Business Standard brings you top 10 business stories that made news on Tuesday

NCLAT may ask Arcelor to deposit Essar bid amount of Rs 42,000 cr on Apr 23

Essar Steel India's debt resolution inched closer to finality as the National Company Law Appellate Tribunal (NCLAT) on Tuesday said it might ask ArcelorMittal to deposit the bid amount of Rs 42,000 crore in a separate bank account or with the Ahmedabad Bench of the NCLT or the appellate tribunal itself. The NCLAT may ask ArcelorMittal to deposit this sum on April 23, the next date of hearing, said a two-judge Bench of the appellate tribunal, led by Chairperson Justice S J Mukhopadhaya.