L&L acts for ArcelorMittal on $353.9m Odisha Slurry insolvency buy

ArcelorMittal India Private Limited acquired Odisha Slurry Pipeline Infrastructure Limited through the corporate insolvency resolution process conducted under the Insolvency and Bankruptcy Code, 2016.

The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL).

BUSINESS STANDARDhttps://www.business-standard.com/article/pti-stories/nclt-approves-arcelormittal-s-rs-2-360-cr-bid-for-odisha-slurry-pipeline-120030301509_1.html