Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittal

Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittal PTI The State Bank-led consortium of lenders to Essar Steel on Wednesday rejected the bids by both Numetal as well as ArcelorMittal after finding them to be ineligible under the amended Insolvency & Bakruptcy Code that debars related parties from bidding The post Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittal appeared first on Firstpost. India