ArcelorMittal India Private Limited (ArcelorMittal) is expected to bid for Uttam Galva Steels Limited (BSE:513216), which has been admitted to the National Company Law Tribunal (NCLT). ArcelorMittal was co-promoter of the company at one point of time. The NCLT, Mumbai Bench, admitted a petition filed by State Bank of India (SBI) under the Insolvency and Bankruptcy Code (IBC), on 1 Oct 2020. By following the NCLT route the debt of Uttam Galva Steel Limited will be crystallised for ArcelorMittal.