ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT

ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT Senior advocate U K Chaudhary, representing Ruia, said that the proposal of ArcelorMittal India was in violation of IBC code as the proposal if approved negates the right of Subrogation of the Guarantor.

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