HLL Lifecare Ltd. It is a Central Public Sector Undertaking beneath the Union Ministry of Health and Family Welfare.
A bench of Justice SA Nazeer and Justice V Ramasubramaniam sought reaction of the Center and others at the plea of Sabka Sahayak Society. The petition has challenged the federal government’s determination to denationalise HLL Lifecare.
HLL Lifecare is concerned within the production and advertising of contraceptives, ladies’s well being care merchandise in addition to different medications.
It additionally offers with well being care and diagnostic products and services for quite a lot of illnesses, at the side of contract products and services for well being similar infrastructure initiatives.
Senior advocates Gopal Sankaranarayanan and Tanvi Dubey gave the impression for the petitioner.
The petitioner has submitted that HLL Lifecare was once the nodal company within the procurement of PPE kits all over the COVID-19 pandemic. There was once additionally an company for the acquisition of vaccines.
Referring to the position of HLL Lifecare in emergency aid operations, the petition mentioned that the vaccination force to care for the pandemic continues to be happening. Thus, the rustic can not find the money for to denationalise an establishment like HLL Lifecare at this important juncture.
It is noteworthy that the Department of Investment and Public Asset Management has invited bids to promote all the executive stake within the PSU.
The executive mentioned in March this 12 months that it had won a number of preliminary bids for HLL Lifecare.
