West Bengal Govt open to an out-of-court settlement with Purnendu Chatterjee

07-Feb-07
The West Bengal government is ready to mull an out-of-court settlement with Purnendu Chatterjee in the larger interests of Haldia Petrochemicals Ltd (HPL), only if The Chatterjee Group (TCG) makes the first formal approach. Interestingly, the state is still weighing options to contest the Company Law Board (CLB) verdict on HPL in high court.
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