NCLAT asks Liberty House if it wants to go ahead with resolution plan for Amtek Auto

The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto in which it has emerged as the highest bidder.

The appellate tribunal has also asked the Committee of Creditors (CoC) if it has a higher bid for Amtek Auto other than that of Liberty House or not.

A two member bench of the appellate tribunal headed by Justice S J Mukhopadhaya has asked the counsel of the respective parties to take instruction from the client and inform the bench.

The NCLAT has issued notice to the CoC, resolution professional (RP) of Amtek Auto and directed to list the matter on January 22 for the next hearing.

The appellate tribunal was hearing a petition filed by Liberty House.

During the proceedings, senior advocate A S Chandiok representing Liberty House said that once the CoC recommends the adjudicating (NCLT) after selecting the highest bidder, it does not have power to call it back.

"If somebody .