Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th. Giving more weight to the Committee of Creditors (CoC) the Apex Court said that the NCLAT should not interfere in the COC decision citing operational creditors should be treated at par with the financial creditors for distribution of funds from ArcelorMittal's bid in the 'Steel King's' insolvency case.