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Stamp duty probe targets ArcelorMittal over alleged INR1300 crore loans for INR100
Economy
Published on 24 April 2026
A huge loan assignment allegedly started with just
ArcelorMittal India is facing an enquiry after allegations of stamp duty irregularities linked to KSS Petron, a group company. Creditors claim stamp duty was wrongly handled during the assignment of loans ahead of KSS Petron’s acquisition of Essar Steel under the IBC. The matter is now under review, with scrutiny on how the duty was paid during the lead-up to the deal.
- ArcelorMittal India may face scrutiny over stamp duty irregularities
- Allegations center on KSS Petron’s loan assignment ahead of Essar Steel
- Creditors accuse irregular stamp duty payments before the IBC acquisition
- Enquiry is expected to begin later this month
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times