The Madras High Court has set aside the order issued by Hindustan Petroleum Corporation Ltd. HPCL has been the leading petroleum company owned by the Tamil Nadu state Government. On 27th of August there was a file against HPCL regarding dealership issues. Now the High court has ruled that the company can't go for the dealership accord in the state.
That means it has to terminate its idea of launching retail outlets for the marketing of petroleum products. HPCL was keen on setting up a retail outlet at 1/1, Arani Road, Vandavasi, Tiruvannamalai District.
The Madras High court Justice Mr. K. Chandu had gone through the entire petition of the firm. It has challenged the termination of the pre-decided dealership accord.
After hearing the case, he has ruled that unilaterally the respondent could not terminate the dealership agreement unless and until it has not been rejected or proved to be wrong. He has also informed that there was a violation of fundamental principles of natural justice and at last the complete case has been put aside.