Status quo till 12 Jan in LyondellBasell case

Status quo till 12 Jan in LyondellBasell case
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First Published: Wed, Dec 16 2009. 11 40 PM IST
Updated: Wed, Dec 16 2009. 11 40 PM IST
Mumbai: The US bankruptcy court in Manhattan that was supposed to hold a hearing in the LyondellBasell Industries AF reorganization case on Tuesday gave out a bridge order that maintains status quo till 12 January, when the next hearing is scheduled. The hearing was crucial in the context of a preliminary non-binding bid submitted by Reliance Industries Ltd (RIL) to acquire the beleaguered petrochemical company, which seems to have been sidestepped by the LyondellBasell management.
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First Published: Wed, Dec 16 2009. 11 40 PM IST