Davos 2019: Aditya Mittal Calls Ruias’ Bid For Essar Steel A Tactic To Delay Resolution

The Ruia family’s delayed offer for Essar Steel Ltd. is a bid to prevent the right resolution of the stressed asset and banks should follow the law, according to Aditya Mittal, president of ArcelorMittal that was selected by the lenders as the highest bidder under the insolvency code.
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