Discounting news reports that government was considering a proposal to sell half of its 50 per cent stakes in over Rs 8500 crore car venture, officials said that the industry ministry had not mooted any such proposal.

Industry ministry sources also clarified that no official delegation was going to Japan for holding talks with MUL partner Suzuki Motor Corporation (SMC) to resolve differences over appointment of RSSLN Bhaskarudu as managing director of the car venture.

SMC has moved international court of arbitration over the appointment of RSSLN Bhaskarudu as managing director as India's nominee and the government was going ahead with the case, sources said, adding there was no move for out of court settlement.