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BL Explainer: What the grounding of Pawan Hans disinvestment means thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
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. ....