New Delhi: The Supreme Court has dismissed a plea challenging the disinvestment process of HLL Lifecare Ltd., a Central Public Sector Enterprise (CPSE) under the Ministry of Health, Govt. Of India. The Apex Court said that it was a “Pure Issue of Policy”
A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiw ala was hearing the petition filed by an NGO.
HLL Lifecare is involved in manufacturing and marketing a range of hospital consumables, contraceptives etc. and had played a pivotal role during COVID-19 Pandemic.
It has been learnt from reliable sources that the proposal for Disinvestment is being actively pursued on a “Fast Track” basis by The Department of Investment and Public Asset Management (DIPAM) and is likely to be finalised within a Month. It is also learnt that Adani Group and one other private conglomerate are keenly interested in the matter.
It is also learnt that Adani Group and one other private conglomerate are keenly interested in the matter.
