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India News | Govt Puts Pawan Hans Sale on Hold over NCLT Order Against Winning Consortium Member

Get latest articles and stories on India at LatestLY. The government has put on hold the sale of Pawan Hans as it is legally examining an NCLT order against Almas Global, which is part of the winning consortium, an official said on Monday.
India News | Govt Puts Pawan Hans Sale on Hold over NCLT Order Against Winning Consortium Member. ....

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Pawan Hans sale on hold over NCLT order against winning consortium member

Last month, the government selected M/s Star9 Mobility Pvt Ltd, a consortium of M/s Big Charter Private Limited, M/s Maharaja Aviation Private Limited and M/s Almas Global Opportunity Fund SPC, as the winning bidder for Pawan Hans. ....

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Govt Likely to Put Pawan Hans Sale on Hold Because on NCLT Order Against Winning Firm: Report

As an investigation by The Wire and Newsclick has revealed that the largest stakeholder in the consortium – Almas – has been sanctioned by the National Company Law Tribunal. ....

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Pawan Hans Sale: Cayman Firm in Winning Bid Flayed By NCLT for Failure to Pay, Show Funding Plan

The privatisation of the public sector helicopter operator raises questions that the government so far has refused to answer. An investigation by The Wire and NewsClick. ....

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Centre Puts On Hold Pawan Hans Sale Due To Concerns Over Majority Stakeholder Of Victorious Bidder

Centre Puts On Hold Pawan Hans Sale Due To Concerns Over Majority Stakeholder Of Victorious Bidder
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