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Acceptance of Liberty House bid will violate level playing - Tata Steel

Steel News - Published on Fri, 16 Mar 2018

Image Source: financialexpress.co
Press Trust of India reported that Tata Steel on Thursday told the National Company Law Tribunal (NCLT) that the acceptance of UK-based Liberty House’s bid for Bhushan Power and Steel would amount to violation of the level-playing field in the resolution process.

Appearing for Tata Steel, senior advocate Abhishek Manu Singhvi submitted before the NCLT that Liberty House had hidden facts in their petition filed before it

The tribunal was hearing a plea filed by Liberty House challenging the rejection of its bid for Bhushan Power and Steel on account of late submission. Liberty House had moved the NCLT on February 26.

Source :

Posted By : Rabi Wangkhem on Fri, 16 Mar 2018
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