Bankruptcy plan: Pramod Mittal gets creditors’ nod

Creditors have approved a proposed individual voluntary arrangement (IVA) by Pramod Mittal, brother of one of the world’s richest men, Lakshmi Mittal, in which he is offering to pay back just £4.4 million (Rs 42 crore), after costs, of the £2.5 billion (Rs 24,000 crore) he owes them.

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