In the last hearing on 20 July, the NCLAT had directed the CoC for the company to consider resolution plans submitted by three firms: Tata Steel, Liberty House and JSW Steel. New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the three bidders for the debt-ridden Bhushan Power and Steel Ltd—Tata Steel, Liberty House and JSW Steel—to file revised resolution plans by Monday. Mukhopadhyay, directed the Committee of Creditors (CoC) for Bhushan Power and Steel to take a decision over the revised bids and keep it in a sealed cover. In the last hearing on 20 July, the NCLAT had directed the CoC for the company to consider resolution plans submitted by three firms: Tata Steel, Liberty House and JSW Steel. UK-based Liberty House had alleged it was not informed about the meeting.

Source: Mint August 01, 2018 12:56 UTC