Punjab and Haryana High Court Extends Stay on PSPCL Property Transfers Until March 13

The Punjab and Haryana High Court has extended the stay on the sale or transfer of Punjab State Power Corporation Limited (PSPCL) properties until March 13, following a public interest litigation alleging financial distress due to unpaid government dues and asset sales. The state government argued the properties are being transferred for development under a longstanding policy and that PSPCL is profitable. The court noted questions about the PIL's maintainability and awaits further responses from the state.