Govt puts CEL privatisation on hold amid allegations of under-valuation: According to sources, the government has placed the privatisation of Central Electronics Ltd (CEL) on hold after the employees union filed a lawsuit challenging the company's sale to a small corporation. Allegations of undervaluation in the city-based Nandal Finance & Leasing's Rs 210 crore highest bid are being investigated, according to Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), which is overseeing the privatisation process.
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