Free Press Journal

Companies get 1 more week to submit revised bid for Bhushan Power


New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Monday extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this.

Modifying its earlier order, the appellate tribunal has now said all three bidder — Tata Steel, Liberty House and JSW — may file their revised offers by August 13 for Bhushan Power and Steel.

Earlier, on August 1, an NCLAT bench headed by Chairman Justice S J Mukhopadhaya had allowed all three bidders to file revised offers by August 6.