Calcutta HC Lifts Stay On Port Deal With Adani

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(The Telegraph)

The tender process to award a berth at Haldia was held in abeyance by the Syama Prasad Mookerjee Port, as per the court’s directive.

Adani Group’s entry to the Bengal’s maritime sector survived a legal scare after Calcutta High Court set aside a challenge mounted by a disqualified competitor.

The tender process to award a berth at Haldia was held in abeyance by the Syama Prasad Mookerjee Port, Calcutta, as per the directive of  the court, which had put an interim stay on the process, pending judgment.

Last week, the court dismissed the legal challenge of Orissa Stevedores Ltd (OSL) and lifted the stay allowing the port to process the contract. SMP, Calcutta, will now approach the Union ministry of ports and shipping for final approval before awarding the contract.

“We are sending necessary documents to the ministry for approval. The contract will be signed after we get the ministry’s nod,” Vinit Kumar, chairman of SMP, Calcutta, confirmed over the weekend.

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