Now the lenders of the embattled steel producer will initiate negotiations with ArcelorMittal over the resolution plan.

The economy grew 6.5 percent in the third quarter from a year earlier, slower than 6.7 percent in the second quarter, the National Bureau of Statistics said on Friday.

These claims in some quarters of the company being unable to pay salary to its employees are completely untrue and based on a misinformation campaign, says ONGC Director (Finance) Subhash Kumar.

The ailing national carrier would be utilising the funds to mainly meet its working capital requirements.

The London High Court recently issued an order stating that the court's enforcement officers are \"at liberty to sell\" six of the 62-year-old's posh cars to pay off the Rs 10,000 crore debt he owes to the consortium of 13 lenders.