Uttam Galva Steel
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ArcelorMittal transfers Rs 7,000 cr to State Bank of India to clear dues of loan defaulter Uttam Galva Steel
•ArcelorMittal parking the fund with SBI came as the deadline ended on Tuesday.

Uttam Galva minority shareholders accuse ArcelorMittal of indulging in 'illegalities' in connivance with banks
•The development comes before the second round of bidding for debt-laden Essar Steel, which ArcelorMittal had bid for in the first round on 12 February

