Tata Steel to consider take over of firms at NCLT

Five stressed steel companies have been referred to the NCLT by RBI in a recent directive

Tata Steel will evaluate, on the basis of the parameters of transparency and feasibility, taking over steel firms referred to the National Company Law Tribunal (NCLT).

“If it is a transparent process, which it appears from the way the code has been drafted, we will evaluate and see. Our board has to be comfortable whether it is a good thing or not,” Koushik Chatterjee, group executive director (finance, corporate and Europe operations), Tata Steel, said in response to a question from Business Standard, on the sidelines of the annual general meeting of Tinplate Company of India.

Later, he said the way in