A writ petition has been filed in the Bombay High Court alleging a shortfall of ₹313 crore in stamp duty payments by the ArcelorMittal Group during its acquisitions of Essar Steel and Uttam Galva Group under the Insolvency and Bankruptcy Code (IBC) in 2018 and 2022, respectively.

The petition, filed by Delhi-based Sayam Securities, claims that during the acquisition process, ArcelorMittal Group was assigned bad debts worth ₹6,264 crore from various creditors of the two entities. According to the petitioner, this debt transfer triggered an additional stamp duty liability of ₹313 crore, which remains unpaid.

The writ petition further claims that the Collector of Stamps (Mumbai) has already issued show-cause notices to the ArcelorMittal Group on June 10, 2025, and June 19, 2025, in connecti

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