The tribunal's order came over a petition filed by Liberty House, challenging the rejection of its bid by the RP for Bhushan Power and Stee...

Allowing the plea of Liberty House, the tribunal has directed the committee of creditors (CoC) to complete its resolution proceedings by Ju...

While lenders have expressed hope that this will throw the bidding process wide open with more aspirants joining the fray, it remains to be...

The tribunal has also directed the insolvency resolution professional (IRP) to report the decision on the objections of the employees.

Bhushan Power owes about ₹49,200 crore to the lenders.

Liberty House also explained to the NCLT that it wants to do business in India as there is no better time than this, the company's spokespe...

"India should encourage entrepreneurs like us to invest in India," said a Liberty House spokesperson.

Tata Steel's Rs 24,500-cr offer is conditional on lenders buying the entire equity of two Bhushan Power subsidiaries– Nova Iron & Steel and...

Earlier today the Committee Of Creditors not only rejected but also refused to open Liberty’s bid for failing to meet the February 8 deadli...

The lenders' refusal to entertain Liberty's late bid means that Tata Steel now the clear leader in the race to buy out the unlisted Bhushan...

Race for the takeover of the bankrupt firm to now be between Tata Steel and JSW steel; bids from the two interested entities were disclosed...

Officials would be evaluating bids submitted by interested parties and a final decision on the two debt-laden firms is likely to be taken b...

“Liberty House will be bidding for Bhushan Power & Steel and in the coming few weeks we will be submitting (a bid for) the same,” a spokesp...

JSW Steel and Tata Steel have also emerged as the most aggressive bidders for Bhushan Steel.

The three steel majors are believed to have submitted bids for the debt-ridden company; the highest bidder is to be announced on Tuesday.

JSW Steel reportedly had plans to offer Rs 30,000 crore, double of the liquidation amount, for Bhushan Steel.

As the likes of Tata Steel, JSW, Vedanta and Arcelor Mittal queue up with bids, there is speculation that the Saturday deadline may be exte...