Liberty House joins bidding race for assets of debt-laden Bhushan Steel

Liberty House seems to be interested in National Company Law Tribunal-listed companies

UK-based Liberty House Group is set to bid for debt-laden Bhushan Steel and ABG Shipyard, both of which are facing insolvency. Sanjeev Gupta-led Liberty House is evaluating four Indian companies, in different sectors, undergoing insolvency resolution — two in steel, one in shipyard and one in automobile component.

“In case of Bhushan Steel, the resolution professional has invited us to bid for the asset. For ABG Shipyard, the company has revived its interest but is still evaluating the asset on various parameters,” sources in the know said. “For ABG Shipyard, there were concerns even when Liberty was in talks with