 New
Delhi:
The central government has started the process of filing
caveats in the Supreme Court and three high courts to ward
off all legal challenges from creating hurdles in the process
of privatising Hindustan Petroleum Corporation (HPCL) and
Bharat Petroleum Corporation (BPCL).
Caveats
are being filed in the apex court and the high courts
of Bombay, Madras and Calcutta, blocking a possible avenue
through which delays can be caused for the proposed sale
of equity in HPCL and BPCL, say disinvestment ministry
officials. “We are fully geared to meet any unforeseen
trouble spots, and caveats are a step in this direction.”
The
caveats filed by the government will preempt all possibility
of the decision on HPCL and BPCL being challenged in courts
of law through public interest litigations and taking
an ex parte order. “The caveats will ensure that
the privatisation of HPCL and BPCL is completed at the
earliest without any legal hiccups,” the officials
add.
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