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Singapore player in pole position for prized Indian east coast FPSO contract
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Asian player in pole position for prized Indian east coast FPSO contract
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Hindustan Oil Exploration s appeal against resolution plan continues to get rejected by NCLT
IANS
0
Hindustan Oil Exploration Company (HOEC)s attempt to contest implementation of the Resolution Plan completed in September was struck down for the third time by NCLTs Allahabad Bench on December 21.
This a series of repeated appeals made by HOEC since 2018 which have been repeatedly dismissed by the NCLAT.
HOEC continued to repeatedly approach the judiciary system to obtain a favourable result that would move JEKPL closer towards liquidation. This would then allow HOEC to gain control of its participating interest in Kharsang Field at no cost through one of its offshore subsidiaries.
After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Company
By IANS |
Published on
Tue, Dec 29 2020 15:21 IST |
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Petrol. (File Photo: IANS). Image Source: IANS News
New Delhi, Dec 29 : Hindustan Oil Exploration Company (HOEC)s attempt to contest implementation of the Resolution Plan completed in September was struck down for the third time by NCLTs Allahabad Bench on December 21.
This a series of repeated appeals made by HOEC since 2018 which have been repeatedly dismissed by the NCLAT.
HOEC continued to repeatedly approach the judiciary system to obtain a favourable result that would move JEKPL closer towards liquidation. This would then allow HOEC to gain control of its participating interest in Kharsang Field at no cost through one of its offshore subsidiaries.
After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Co
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