The National Company Law Tribunal’s (NCLT’s) Mumbai Bench directed any entity wishing to bid for Bharati Defence And Infrastructure Limited (BSE:532609) for INR 100 million as Earnest Money Deposit (EMD) by October 3, as proof of seriousness to acquire the insolvent firm. Further, to provide a bank guarantee worth 10% of their bid amount by the same date. This is part of the eligibility criteria for accepting a Resolution Plan.