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NCLT to hear Renaissance plea over Electrosteel bid on Mar 15

Press Trust of India  |  Kolkata 

The NCLT will on March 15 hear Renaissance India Pvt Ltd's petition challenging the eligibility of Vedanta and Tata to bid for debt-laden

"The petition filed by Renaissance has been fixed for hearing on March 15 before the NCLT. The opposite parties namely Vedanta and Tata .. are to file the responses by that time," said of Fox & Mandal, the to Renaissance


He said two petitions were filed pointing to the ineligibility of Vedanta and Tata to bid for Electrosteel Steels, under 29(A) of the Insolvency and Bankruptcy Code.

The liquidation value of is Rs 2,900 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 23:35 IST
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