Supreme Court to deliver verdict on Essar Steel case today

The Supreme
Court will deliver judgements in two crucial corporate cases, one involving
Fortis and the other involving Essar Steel.

A 3-judge bench
led by Justice R.F. Nariman will rule on the equity of a NCLAT decision of July
5, 2019, ordering all creditors, operational and financial, to be treated on
par in sharing the proceeds from the winning bid from the sale of ailing Essar
Steel.