Delhi High Court ruling does not bar government from selling IDBI bank stake: Centre

IDBI Bank stake sale: FinMin cites High Court ruling, Budget speeches to reject irregularity claims

The Finance Ministry defends the IDBI Bank stake sale, citing a Delhi High Court ruling and successive Budget speeches supporting strategic disinvestment.

No Legal Bar on Reducing Govt Stake in IDBI Bank, Clarifies Finance Ministry Amid Stake Sale

Get latest articles and stories on Business at LatestLY. The Union Finance Ministry on Saturday clarified that there is no legal restriction under the IDBI (Repeal) Act, 2003, preventing the government from reducing or selling its stake in IDBI Bank, citing a 2018 Delhi High Court judgment that upheld the Centre's authority to dilute its shareholding. Business News | No Legal Bar on Reducing Govt Stake in IDBI Bank, Clarifies Finance Ministry Am…

Delhi High Court ruling does not bar government from selling IDBI bank stake: Centre

The government cited successive Union Budget speeches to explain the evolution of its policy on the bank’s strategic disinvestment.

Can Centre sell its stake in IDBI Bank? Govt clarifies position citing Delhi HC ruling

IDBI Bank privatisation: Centre says the 2003 law does not prevent it from reducing its stake, citing a 2018 Delhi High Court ruling on disinvestment.