NCLT rules second round of bids for Essar Steel invalid

The National Company Law Tribunal (NCLT) deemed the second round of bids for Essar Steel invalid and directed the committee of creditors (CoC) to consider the first set of offers from Numetal and ArcelorMittal, ruling that the banks would have to decide on the eligibility of bidders rather than the resolution professional.

Read more at NCLT rules second round of bids for Essar Steel invalid.

 

 

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