Ruias must be given a chance for Essar Steel: JSW's Sajjan Jindal
JSW Steel's Chairman Sajjan Jindal on Tuesday said that Ruias must be given a "fair chance" to regain control of insolvent Essar Steel despite legal restrictions. "It's their company, if they're paying 100% of the money, so why not," Jindal said. The Ruia family submitted a â¹54,389-crore bid for Essar Steel after its committee of creditors approved ArcelorMittal's â¹42,000-crore offer. 