NCLAT rejects Tata plea against late Liberty bid for Bhushan Power

Tata Steel Limited Vs Liberty House Group Pte. Ltd. & Ors. (NCLAT) From the ‘Process Document, it is clear that the ‘Committee of Creditors’ have absolute discretion but without being under any obligation to do so, update, amend or supplement the information, assessment or assumptions and right to change, update, amend, supplement, modify, add to, delay or otherwise annul or cease the ‘Resolution Process’ at any point in time. Thus, the ‘Resolution Plan’ can be modified as per dates or other terms and conditions set out in the ‘Process Document’. As per Clause 1.3.6, the ...