Battle for shareholding in Haldia Petrochemicals could be taken to ICA

摘要

A decision on whether the battle for shareholding in Haldia Petrochemicals (HPL) would be taken to the International Court of Arbitration (ICA) will be made this month, following a Supreme Court order directing the high court to dispose the case in December, according to report in The Business Standard. A ruling in favour of The Chatterjee Group against another major shareholder, the West Bengal government, may drag the case to ICA, following a long legal battle in the Indian courts.