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Liberty House moves to NCLAT seeking information on bids from Bhushan Power & Steel

2018-07-10

PTI reported that Liberty House on Monday approached the National Company Law Appellate Tribunal (NCLAT) against the committee of creditors and resolution professional of Bhushan Power & Steel seeking information on the bid finalisation process of the firm. In its plea, Liberty House has alleged that lenders are not sharing any information or documents related to their meeting, which is being convened on Monday.

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked the lenders to address the grievances of Liberty House.

The appellate tribunal has also directed to list Liberty House's plea on 12 July, when the main matter related to Bhushan Power & Steel Ltd (BPSL) would come up for hearing.

Source : First Post