Banks define bidding criteria for Essar Steel as suitors line up

摘要

Anticipating intense buying interest, banks have set up an elaborate marking system to shortlist the bidders for Essar Steel. The company is in the National Law Tribunal (NCLT) for non-payment of bank dues estimated at Rs 45,000 crore. The evaluation system will broadly be divided into quantitative and qualitative criteria, a senior banker said.