NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

The Ahmedabad Bench of the National Company Lay Tribunal (NCLT) on Thursday said the second round of bidding for bankrupt Essar Steel held on 2 April is invalid and directed the resolution professionals and the committee of creditors (CoC) to reconsider the first round of bids and reconsider offers from ArcelorMittal and Numetal.

MNRE reminds Agencies of Transparent Bidding Process

MNRE reminds Agencies of Transparent Bidding Process

All the implementing agencies of rooftop solar projects under the capital subsidy scheme related to rooftop PV across the residential, social and institutional sectors has been reminded by India’s Ministry of New and Renewable Energy (MNRE) that it is mandatory to go through a transparent bidding process to discover tariffs and to keep the projects eligible for subsidies.

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