Bombay high court upholds Union cabinet committee’s approval for disinvestment of government’s share in BPCL

The Bombay high court (HC) on Thursday upheld the November 20, 2019, decision of the cabinet committee of economic affairs (CCEA), headed by the prime minister, to grant in-principle approval for disinvestment of government share in Bharat Petroleum Corporation Limited (BPCL) – India’s second-largest public sector oil and gas company.

The division bench of justice SC Gupte and justice Madhav Jamdar dismissed separate petitions filed by the Federation of all Maharashtra Petrol Dealers Association, Bharat Petroleum Corporation Ltd (Refinery) Employees Union, Petroleum Employees Union and some individuals, questioning the validity of the in-principle approval.