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Essar Steel challenges RBI’s insolvency move in Gujarat high court

Essar Steel submitted that in the year 2016-17, the company had cleared debt to the tune of Rs3,467 crore and that it employs as many as 4,500 people.

1 min read . Updated: 05 Jul 2017, 08:35 PM IST Maulik Pathak

Essar Steel moves Gujarat HC against insolvency proceedings initiated against it at the National Company Law Tribunal (NCLT) by its lenders after being directed by RBI

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Essar Steel challenges RBI’s insolvency move in Gujarat high court

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