May 2, 2018 / 8:21 AM / 3 months ago

BRIEF-Vedanta Says Understand that NCLAT Ordered Status Quo On Electrosteel Steels To Be Maintained

May 2 (Reuters) - Electrosteel Steels Ltd:

* APPEAL FILED BY RENAISSANCE STEEL INDIA, CHALLENGING ORDER OF NCLT - KOLKATA BENCH APPROVING CO’S RESOLUTION PLAN FOR ELECTROSTEEL STEELS

* UNDERSTAND THAT NCLAT ORDERED STATUS QUO ON ELECTROSTEEL STEELS TO BE MAINTAINED AS ON DATE

* UNDERSTAND THAT STEERING COMMITTEE SHALL CONTINUE TO RUN OPERATIONS OF ELECTROSTEEL

* UNDERSTAND THAT NCLAT ISSUED NOTICE TO RESOLUTION PROFESSIONAL, COC, CO, DIRECTING TO FILE THEIR REPLIES TO THE APPEAL WITHIN 10 DAYS Source text: bit.ly/2I1MWZd Further company coverage:

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