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Summit Oil and Shipping Company Limited (SOSCL), a subsidiary of Summit Group, has filed a writ petition with the High Court (HC) challenging the government's cancellation of its long-term liquefied natural gas (LNG) supply contract.
The petition seeks a rule asking the respondents to explain why the cancellation order, issued by Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) on September 1, should not be declared illegal.
It also requests a stay on the operation of the cancellation memo until the court disposes of the rule.
Respondents named in the petition include the secretary of the Energy and Mineral Resources Division, the law secretary, the secretary of Petrobangla, and the secretary of Rupantarita Prakritik Gas Company Limited.
According to the petition, Petrobangla formally notified SOSCL of the contract cancellation on September 1.
Barrister Karishma Jahan, counsel for SOSCL, said the hearing on the petition may take place soon.
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