The apex court had declared Numetal ineligible to bid for Essar because of its links with the Ruia family. Mittal held 10 shares in Calcutta-based Navoday, which translates into a 0.00058 per cent stake in the company. The Ruia application points to an affidavit filed by AMIPL on October 17 which said that neither L.N. Mittal held 10 shares as on September 30, 2018 but his name was missing in Navoday as on December 31, 2018. Ruia claimed that Mittal sold his shares to cure ineligibility, much like he did in Uttam and KSS, but struck down by the apex court.

Source: The Telegraph May 07, 2019 19:07 UTC