Financial Daily
from THE HINDU group of publications
Saturday, August 11, 2001
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Financial Daily from THE HINDU group of publications Saturday, August 11, 2001 |
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Plea against UTI dismissed
Our Bureau
MUMBAI, Aug. 10
A PUBLIC interest litigation filed in the Bombay High Court against the suspension of UTI's repurchase facility for US-64 has been dismissed as withdrawn by the petitioner.
According to UTI, the PIL was withdrawn as "the petitioner could not establish, before the court, the locus standi and the purpose for which the petition was filed''.
The PIL was filed by Mr Pradeep Bhavnani, President of the National Association of Small Investors.
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