Why did the Supreme Court, in their judgment of September 2003, hold that privatisation of HPCL and BPCL was not permissible ?

Options

A. Due process of law for disinvestment had not been followed.
B. It is against the interest of the capital asset in the form of their employees.
C. It had not been recommended by the Disinvestment Commission.
D. It is in conflict with the statues that created HPCL and BPCL.

Answer

D

Explanation

It is in conflict with the statues that created HPCL and BPCL.