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Bhushan Steel resolution: NCLAT upholds Tata Steel's bid

Updated : August 10, 2018 11:44 AM IST

Debt-ridden Bhushan Steel gained about 2 percent on Friday after the National Company Law Appellate Tribunal (NCLAT) upheld Tata Steel’s resolution plan.

Earlier on Monday, the tribunal had directed all three bidders -- Tata Steel, JSW Steel, and Liberty House -- to submit unconditional bids to the court in a sealed envelope.
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