The Calcutta High Court refused to pass an interim stay on any proposal for transfer of shares of Haldia Petrochemicals Ltd (HPL) to Indian Oil or ONGC. Justice Indira Banerjee, while refusing to pass an interim stay on a plea by Winstar India Investment Company Ltd promoted by The Chatterjee Group (TCG), kept the order in abeyance till June 25 so it could appeal against the order before a higher court. The court, however, did not intervene on the question of Winstar's submission that it did not have any representation on the board of HPL, despite having a 7.5% stake in the company.
|
|
|
|
|
|
|
|
|
|
|
|