Monday, September 24, 2007

Legal setback to TCG as Court dismisses transfer of HPL shares

Calcutta High Court has dismissed the Company Law Board (CLB) order that instructed the West Bengal government to transfer 155 million shares of Haldia Petrochemical Ltd. (HPL) to its joint venture partner TCG and exit the company - This is a legal setback to the Purnendu Chatterjee-led The Chatterjee Group (TCG).

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10908&P=P

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