ALSO READDubious promoters should not be allowed to submit rehab plan: Ban trading in firms referred to NCLT, says Sajjan Jindal JSW to revise bid for Monnet, Essar steel not ruled out JSW keen to buy stressed steel assets, create $1-bn war chest Guj HC junks Essar Steel plea against RBI's insolvency order
JSW Steel Chairman Sajjan Jindal today pitched for same bid eligibility criteria for companies interested in stressed assets undergoing the insolvency proceedings.
"Bid eligibility and evaluation criteria must be disclosed upfront and applied UNIFORMLY in all accounts," he tweeted.
He maintained that there can not be separate criteria for different companies.
"It's important as we cannot have different criteria for different companies," he added.
In another tweet, he said "Exemptions for scheme framed under the erstwhile SICA (Sick Industrial Companies Act) and approved by the BIFR (Board for Industrial and Financial Reconstruction) should be extended to the schemes under insolvency/bankruptcy court approved by #NCLT @arunjaitely @FinMinIndia @PMOIndia."
On Wednesday, Jindal had suggested that dubious promoters should not be allowed to submit rehabilitation plan under the insolvency law.
Last week, he had said trading in shares of the listed companies referred to the National Company Law Tribunal (NCLT) should be suspended to avoid market speculations.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)