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Disqualified firms to be heard before final order

A day after the disqualification of the bids of Hindujas and Videocon for Indian Airlines and Air-India privatisation, Divestment Minister Arun Shourie on Saturday said that they will be given an opportunity for a hearing before final orders are passed.

"I announced yesterday the prima-facie implication of the guidelines for individual companies. There is an entire procedure to be gone through. In that they would be given an opportunity for hearing. The final orders would be given only after that," Shourie said.

The minister said that the tainted bidders would be informed about the prima facie result of the guidelines on individual companies, and asked to explain their stand on the issue.

The government had disqualified Hindujas for Air-India and Indian Airlines bidding on security considerations in accordance with the newly-formed guidelines to keep tainted companies out of the privatisation process.

The guidelines had also disqualified Sterlite in race for

Hindustan Zinc and Hindustan Copper and Videocon eyeing the government's stake in Videsh Sanchar Nigam and Indian Airlines.

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