NCLAT approves ArcelorMittal’s Resolution Plan for Odisha Slurry

NCLAT dismissed the appeal filed by several entities including the SREI entities who were financial creditors claiming that the approved resolution plan discriminated between the secured and unsecured creditors

The National Company Law Appellate Tribunal (NCLAT) has approved the resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure Limited (OSPIL) while dismissing an appeal filed by several parties including SREI Infrastructure Finance Ltd. (SFIL) [SREI Infrastructure Finance Ltd. v. Ashish Chhawchharia & Ors.pdf].

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