The government has disqualified the successful bidder chosen for the strategic disinvestment of CEL and has terminated the CEL privatisation process officially
Documents accessed by PSU Watch show that a Union Minister, policymakers and bureaucrats within the government had warned the Centre against carrying out the privatisation of CEL
Cabinet Committee on Economic Affairs had on November 19, 2021, approved the highest price bid of Nandal Finance and Leasing Pvt Ltd for the sale of 100% equity shareholding in Central Electronics Ltd (CEL), later employees moved to court on the allegations of under-valuation