India: Essar Steel lenders ask ArcelorMittal, Numetal to clear outstanding dues

The lenders of Essar Steel Ltd on Wednesday asked ArcelorMittal Netherlands NV and Numetal Mauritius to clear their outstanding dues in order to be considered as eligible resolution applicants for the beleaguered steel company. While the firms have not been provided an official notice yet, the creditors have asked them to table the solutions within next seven days, said two people close to the development.