 "Steel")
The National Company Law Appellate Tribunal (NCLAT) has allowed JSW Steel, Tata Steel and Liberty House to submit revised bids for Bhushan Power & Steel by Monday.
On Tuesday, the committee of creditors (CoC) had reaffirmed Tata Steel as the H1 bidder and JSW Steel as the H2 bidder according to an NCLAT observation that asked them to consider only the first batch of resolution plans. Electronic voting on the resolution plans was supposed to start after 48 hours, but the meeting now stands null and void.
The CoC had invited revised bids till Tuesday 9 am, a
On Tuesday, the committee of creditors (CoC) had reaffirmed Tata Steel as the H1 bidder and JSW Steel as the H2 bidder according to an NCLAT observation that asked them to consider only the first batch of resolution plans. Electronic voting on the resolution plans was supposed to start after 48 hours, but the meeting now stands null and void.
The CoC had invited revised bids till Tuesday 9 am, a
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