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Our bid for Bhushan Power rejected without even opening seal: Liberty House to NCLT

Press Trust of India  |  New Delhi 

UK-based today submitted before the NCLT that Resolution Professional (IRP) rejected its bid to acquire and Steel without even opening the seal of its offer.

It had submitted financial credentials and consolidated financial statements, audit reports and other documents required for a resolution applicant for and Steel.

"They did not even looked at it and not opened the seal," said Amarjit Singh Chandhiok representing

He further submitted that till only the had "an absolute right" to reject or accept the bid and not the IRP.

Till now, there is no resolution plans has been passed for the company and they could accommodate one more applicant at such stage, he submitted.

"Consider us, if you find us the best, then accept us," Chandhiok said adding that was not intimated about the February 8 deadline.

The (NCLT) was hearing a plea filed by challenging its rejection its bid for and Steel on account of late submission


had moved the NCLT on 26 February against the rejection.

The tribunal would continue its hearing tomorrow also in this matter.

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

First Published: Thu, March 08 2018. 21:00 IST
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