Tata Steel Limited v. Liberty House Pte Group. Ltd. [CA (AT) (Insolvency) 198 of 2018]

Following the acceptance of the JSW Steel resolution proposal in Bhushan Power & Steel Limited, Tata Steel Limited, one of the resolution applicants questioned the submission of an enhanced financial bid. In Tata Steel Limited v. Liberty House Pte Group. Ltd. [CA (AT) (Insolvency) 198 of 2018], Tata Steel Limited claimed that the National Corporate Law Tribunal (NCLT) could not include a range of options for settlement applications at a later stage after the submission of the resolution proposal.

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