Banks Move To Supreme Court Against NCLAT Order
  • WebDesk BTVI
  • Jul 05 2019

A huge setback for the financial creditors, as Essar Steel says equal distribution of amount for all operational & financial creditors. The committee of creditors will, however, not play a role in distribution of funds between operational & financial lenders. Financial creditors cannot be discriminated in terms of recovery with 'unsecured' or 'secured' financial creditors. NCLAT has also said CoC cannot discard resolution plan. BTVI's Priyanka Iyer shares more details on this story.