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SC to deliver verdict on Essar Steel case today

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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 legality 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.

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