Winstar, an associate of The Chatterjee Group and an investor in Haldia Petrochemicals Ltd, has moved an application to stop the board meeting of HPL. Mauritius-based Winstar holds 7.55% stake in HPL. However Justice Indira Banerjee refused to grant interim relief. The matter will come up for hearing tomorrow. HPL’s board is to meet to decide, among other things, a place for Indian Oil Corporation (IOC), which holds 8.89% stake in HPL.
19-Jun-12 
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