Insolvency process: Bhushan Power CoC may take a call on revised bids today

Only Tata Steel has submitted a revised bid on Monday

The committee of creditors (CoC) for Bhushan Power & Steel is likely to meet on Tuesday to take a call on revised bids. 

All three bidders of Bhushan Power & Steel — Tata Steel, JSW Steel and Liberty House — had the opportunity of submitting revised bids on Monday according to the National Company Law Appellate Tribunal (NCLAT) order. According to information, Tata Steel has submitted a revised bid. Asked about Tata Steel's participation, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, declined to comment. 

At the time of going to press, JSW had not submitted its bid,