New Delhi, May 16 (PTI) The government has put on hold the sale of Pawan Hans as it is legally examining an NCLT order against Almas Global, which is part of the winning consortium, an official said on Monday.

"We will do a legal examination of the NCLT order before proceeding further. Letter of Award has not been issued," the official said.

Also Read | Punjab CM Bhagwant Mann Launches First-of-Its-Kind 'Lok Milni' Programme for Grievance Redressal.

Last month, the government selected M/s Star9 Mobility Pvt Ltd, a consortium of M/s Big Charter Private Limited, M/s Maharaja Aviation Private Limited and M/s Almas Global Opportunity Fund SPC, as the winning bidder for Pawan Hans.

Star9 Mobility had quoted Rs 211.14 crore for Pawan Hans, which was above the Reserve Price of Rs 199.92 crore fixed by the government on the basis of valuation carried out by the transaction adviser and asset valuer.

Also Read | Uttar Pradesh: 21-Year-Old Man Arrested for Objectionable Remarks About Hindu Deities.

The National Company Law Tribunal (NCLT) had last month passed an order reportedly after Almas Global failed to make payments to creditors of a Kolkata-based company under an approved resolution plan.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)