Pawan Hans winning sale bid likely to be scrapped

The government is likely to scrap the winning strategic sale bid for helicopter service operator Pawan Hans Ltd and invite fresh offers, two people aware of the matter said.

Last month, the Centre had scrapped the strategic sale of another public sector company, Central Electronics Ltd (CEL), after it discovered that legal proceedings against the successful bidder were pending at the National Company Law Appellate Tribunal (NCLAT)