PIL Against LIC Stake In ITC: HC allows Karnataka medical council to be made party

The Karnataka council had sought to be made party stating it was working for a ban on cigarettes.

By: Express News Service | Mumbai | Published:June 24, 2017 2:45 am

The High Court Friday allowed the Indian Medical Council of Karnataka to be made a party in a PIL filed by doctors from Tata Memorial Hospital against Life Insurance Corporation’s investments in ITC Limited. According to the plea, state-owned LIC holds one-third equity in ITC, which derives 80 per cent of its revenue from cigarettes. The Karnataka council had sought to be made party stating it was working for a ban on cigarettes.

Video of the day

For all the latest India News, download Indian Express App

    Live Cricket Scores & Results