Counsels appearing for L&T submitted before the bench that the company owes it Rs 9 billion (Rs 900 crore) in dues for supply of capital goods.
The engineering and construction major has asked National Company Law Tribunal (NCLT) to acknowledge it as a secured creditor for Bhushan Steel.
The NCLT bench has asked the resolution professionals to share their stand on the matter.
The tribunal has listed L&T's plea in Bhushan Steel case on March 23.
The last day to submit bids was February 3, 2018.
Tata Steel had said in yesterday's statement that it "has received a formal communication from the resolution professional (RP) of Bhushan Steel Ltd that it has been identified as the highest evaluated compliant resolution applicant to acquire controlling stake of BSL under Corporate Insolvency Resolution Process (CIRP) of the IBC, as decided in the meeting of CoC of BSL on March 6".
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