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Apply Bid And Evaluation Criteria Uniformly For All Insolvent Companies: Sajjan Jindal

JSW Steel Ltd. Chairman Sajjan Jindal pitched for same bid eligibility criteria for companies interested in stressed assets undergoing the insolvency proceedings.

In a tweet, he touched upon the importance of having uniform criteria for bid eligibility and evaluation of stressed assets. He maintained that there cannot be separate criteria for different companies.

Also Read: Bankers Ready For Marathon Huddles As Insolvency Deadline Nears

In another tweet, he tagged Finance Minister Arun Jaitley and Prime Minister Narendra Modi while suggesting that the exemptions for schemes framed under Sick Industrial Companies Act, approved by the Board for Industrial and Financial Reconstruction to be brought under the Insolvency and Bankruptcy code.

On Wednesday, Jindal had suggested that dubious promoters should not be allowed to submit rehabilitation plan under the insolvency law.

Also Read: JSW Steel Sees Stable Input Costs, Margin Improvement In Coming Quarters

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