Billionaire Sanjeev Gupta joins bandwagon to bid for Bhushan Steel

Gupta's Liberty House says it's interested in submitting a viable resolution plan for the company

UK-based Indian-origin steel tycoon Sanjeev Gupta and his Liberty House Group is set to bid for the troubled steelmaker Bhushan Steel. According to a report published in ET, Liberty House has sought an extension to the deadline to submit its resolution plan for the bankrupt company. 

"We are also interested in submitting a viable resolution plan for the company," said a Liberty letter addressed to Bhushan Power & Steel.

Gupta, who was in news for buying Tata Steel's assets in Europe, earlier this month made an "unconditional and comprehensive offer" for the assets of two