The strategic disinvestment of Pawan Hans was called off on Monday by the government after bidding consortium Star9 Mobility Pvt Ltd was disqualified due to pending legal cases. Pawan Hans is a 51:49 joint venture of the government and ONGC.
In a statement, the Department of Investment and Public Asset Management (DIPAM) on Monday said the government has examined the adverse orders of NCLT and NCLAT.
