Read More>> AHMEDABAD: GailNSE 1.81 % (India) and Gujarat Energy Transmission Corporation have joined the ranks of a clutch of operational creditors seeking rejection of ArcelorMittal’s Rs 42,000-crore resolution plan for Essar SteelNSE 0.00 % unless their claims are added to the proposal. The two state-run companies have filed separate applications for claims totalling nearly Rs 1,800 crore at the National Company Law Tribunal, Ahmedabad.
Last month, the committee of creditors of Essar Steel had picked ArcelorMittal's proposal for Essar Steel. Under the plan, financial creditors stand to get Rs 41,987 crore out of total dues of Rs 49,395 crore, while operational creditors are to get only Rs 214 crore against their outstanding dues of Rs 4,976 crore.