
Court says ST Kinetics has liberty to file fresh petitions
The petitions will challenge orders that put ST Kinetics' defence business activities on hold in India.
In relation to the petitions filed by ST Kinetics following the debarment by Indian Ministry of Defence from business dealings with the Ordnance Factory Board, the Delhi High Court on March 21 ruled that the three petitions have lost their relevance and hence disposed off.
The Court gave directions that ST Kinetics has the liberty to file fresh petitions to challenge both the OFB Order as well as the MoD's earlier decisions.
Meanwhile in a statement the company said, “ST Kinetics intends to vigorously take appropriate actions to clear its name and defend its reputation.”
ST Kinetics (Singapore Technologies Kinetics Ltd) is the land systems and specialty vehicles arm of Singapore Technologies Engineering Ltd.