This after it ignored the Settlement Proposal of Essar Steel Asia Holding Ltd (ESAHL) -- the promoter of Essar Steel -- to pay Rs 54,389 crore to all clear all dues of the financial and operational creditor in a last-ditch effort to avert losing their flagship company. In the petition, Orissa Stevedores said ArcelorMittal's Resolution Proposal involves financial creditors getting Rs 41,987 crore out of their total dues of Rs 49,395 crore. Operational creditors, under the plan, would get just Rs 214 crore against the outstanding of Rs 4,976 crore. In the settlement plan made by ESAHL, all the Rs 54,389 crore dues of financial and operational creditors will be settled, it said. "A bare perusal of (the two proposals) substantiates beyond doubt that the operational creditors are proposed to receive a higher financial recovery if the settlement proposal of Essar Steel shareholders is considered instead of the Resolution Plan of ArcelorMittal," it said.