India will allow Carbide to pay dividends.
A judge in Bhopal, India, said the company can pay its dividend due Dec. 1, but he continued a freeze on the sale of the multinational’s assets in a case stemming from the 1984 gas leak that killed more than 2,000 people. Judge G. S. Patel approved an agreement between Union Carbide and the Indian government allowing the U.S. company to pay dividends of 37 cents a share and outstanding interest and debt obligations. But Patel continued hearings on a request for a permanent injunction against the sale of assets. A ruling was not expected until next week.
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