Essar Steel cannot discriminate between operational creditors
The National Company Law Appellate Tribunal on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm. The lenders of Essar Steel divided operational creditors of the company into two types—one with claims under Rs 1 crore, and another over Rs 1 crore. During the proceedings, the NCLAT bench headed by ChairmanJustice SJ Mukhopadhaya said that the operational creditors cannot not be treated differentially
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