Star9 Mobility, the winning bidder for Pawan Hans, has approached the government and claimed eligibility to become owners of the helicopter company as Cayman Island-based Almas Global – the consortium’s largest owner – has got a reprieve from the National Company Law Appellate Tribunal (NCLAT) from proceedings under Section 74.
“As the NCLAT order has stated that they cannot be treated to any direction to initiate action but only to consider for filing complaint, we have approached the government saying that we shouldn’t be ruled out as we are no longer ineligible,” said an official of the consortium.
