SC to hear Tata Steel plea against rebids for Bhushan Power on August 10

In May, NCLT approved Tata Steel's bid for Neeraj Singhal-led Bhushan Steel

The Supreme Court will hear a Tata Steel petition challenging the revised bids for Bhushan Power & Steel only on August 10 even as the new offers are expected to be submitted on Monday.

“This means that the deadline for fresh bid submission remains intact,” a source said. The committee of creditors (CoC) is scheduled to meet on Tuesday to consider the new offers, according to sources.

Tata Steel, UK-based Liberty House and JSW Steel had bid for Bhushan Power & Steel earlier. Those bids, however, stand null and void after fresh bids were called. In the earlier round, Tata Steel was