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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Government Approves Strategic Disinvestment of IDBI Bank; LIC to Reduce Stake, Seeking Strategic Buyer for Management Control.</h1> The Cabinet Committee on Economic Affairs has approved the strategic disinvestment and transfer of management control in IDBI Bank Ltd. The Government of India (GoI) and Life Insurance Corporation (LIC), which collectively own over 94% of the bank, will decide the extent of shareholding to be divested in consultation with the Reserve Bank of India. LIC plans to reduce its stake, aligning with regulatory mandates, while a strategic buyer is expected to bring in funds, technology, and management practices. The proceeds from the disinvestment will support government developmental programs.

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