 "Pawan Hans Ltd")
The government of India is likely to put on hold the sale of state-owned helicopter service provider Pawan Hans indefinitely as one of the members of the winning consortium has received an adverse court order.
This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder.
The government had earlier paused the privatisation of Central Electronics Ltd (CEL) as allegations were raised that the winning bidder Nandlal Finance and the other shortlisted bidder JPM Industries Limited were inter-related.
It is learnt that
