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.
Bid eligibility and evaluation criteria must be disclosed upfront and applied UNIFORMLY in all accounts. It’s important as we cannot have different criteria for different companies. #NCLT @arunjaitely @rsprasad @FinMinIndia @PMOIndia— Sajjan Jindal (@sajjanjindal) November 10, 2017
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.
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