Plea before Delhi High Court seeks probe into disinvestment of Ferro Scrap Nigam

A plea was filed in the Delhi High Court requesting a probe into the disinvestment process of Ferro Scrap Nigam Limited (FSNL). The petition alleges that the disinvestment was conducted improperly, leading to potential financial losses for the government. FSNL is a subsidiary of MSTC Limited, under the Ministry of Steel, and plays a key role in recycling scrap from steel production. The plea highlights concerns about undervaluation and lack of transparency in the disinvestment process, raising doubts about the fairness of the decision. The petitioners seek a judicial inquiry or investigation by central agencies to ensure that public assets are safeguarded. The court has yet to decide on issuing any directive regarding the investigation into FSNL's sale.