Tag: Rebids
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Good News for Arcelor Mittal and Numetal as NCLT Orders Review of Original Bids Submitted for Essar Steel
In a recent twist of events in the case of Essar Steel’s bankruptcy proceedings, Ahmedabad bench of NCLT (National Company Law Tribunal) has declared the invitation for the company’s second round of bidding as invalid. Announcing its decision on Thursday, the bench has asked the lenders and RP (Resolution Professional) of bankrupt Essar Steel to…