Justice Jayanta Kumar Biswas has passed an interim order directing the state government, the West Bengal Industrial Development Corporation and the Haldia Petrochemicals Limited to ensure there was no change in the status of shares from the time that the Company Law Board (CLB) passed an order transferring shares to the Chatterjee Petrochem (Mauritius) Company. The matter will come up for hearing on February 28.
On January 31, the CLB had directed the state to transfer 155 million shares held by others to the Chatterjee group. The board had also directed the state and WBIDC to disinvest 520 million shares in favour of the Chatterjee group.
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