National   

SC refuses to stay disinvestment in Jessop

By Our Legal Correspondent

NEW DELHI Aug. 4. The Supreme Court today issued notice to the Centre, the Disinvestment Ministry and others on a special leave petition against an order of the Calcutta High Court rejecting a petition challenging the Centre's move to disinvest its stake in the EMU Coach Manufacturing unit, Jessop and Co. Ltd in West Bengal.

A Bench comprising the Chief Justice V.N. Khare and Justice S.B. Sinha which issued the notice on the SLP filed by Jessop and Co. Ltd. staff declined to stay the process of privatisation.

The Bench drew the attention of counsel for petitioners, Dipankar Gupta and Subrata Talukdar, that clear-cut guidelines had been laid in the `Balco disinvestment case' and asked them as to which statutory provision had been violated by the Government of its decision to disinvest in the Jessop and Co. Ltd.

Mr. Gupta submitted that railway transport had been categorised by the Government itself as a strategic sector and manufacturing of coaches also fell within that category.But the Bench observed that manufacture of coaches could not be in the category of railway transport which would only include carrying of goods and passengers. But it decided to issue notice to the Centre on the SLP.

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Indian, Chinese Foreign Ministers to meet later this year
• BJP wants Lok Sabha elections advanced?
• Cong. not against synchronisation of polls
• Sabotage ruled out in Surat blast
• Nod for Bill on increased donation to parties
• SC notice to Centre, States on AIDS victims' rights
• All sides must give up extremist stand: Bhat
• Decade-old concept awaits Parliament nod
• TRAI decides to expand scope of unified licensing
• SC refuses to stay disinvestment in Jessop
• SC adjourns DMK petition against Jayalalithaa
• Congress summons A.P. unit chief to Delhi
• Over-charged drugs: SC allows Govt. to recover 50 p.c.
• Kerala MPs get assurance on river-link proposal
• Kyoto protocol key to dealing with climatic change: U.K. envoy
• Prasar Bharati to pay royalty to musicians
• SC seeks details on three Pak. prisoners from Centre
• Air hostesses to seek review of SC ruling
• Amarnath yatra suspended due to bad weather
• Observer status for India

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu