Sources close to Numetal, however, pointed to the order passed by the National Company Law Appellate Tribunal (NCLAT) on May 22 this year. The order said during the pendency of appeals, the resolution professional (RP), the CoC and the adjudicating authority would not pass any order approving or rejecting plans, or on liquidation.
The CoC has, however, made no decision. Right now, the matter is before the NCLAT, where hearing will resume on July 2.
Sources also said the RFP was submitted by Numetal, not Aurora.
Two amendments were made to the RFP, inviting resolution plans. The RFP was amended by the first addendum on February 8 and the second addendum on March 23.
Numetal and ArcelorMittal submitted the first round of bids on February 12 and the second round on April 2.
In the second round, Numetal submitted the bid with a revised corporate structure and was joined by JSW Steel as an investor in the step-down subsidiary. ArcelorMittal and Vedanta were the other bidders.
Source: Business Standards, June 18, 2018