PoliticsPhoto: NDTV BusinessGovt Cites 2003 Act, Delhi HC Ruling on IDBI Bank Stake Cut
The Finance Ministry clarified that Parliament never barred the government from reducing its stake in IDBI Bank. It cited the rejection of a 2003 amendment to restrict stake dilution and the Delhi High Court's 2018 ruling, which upheld the government's right to cut or sell its stake. The court dismissed employee claims based on parliamentary remarks and found the 2003 Act clear and unambiguous.
NDTV Business·




