Sinha had said yesterday that a view on the shape of the Disinvestment Commission would be taken at the meeting of the Cabinet Committee on Disinvestment, headed by Prime Minister Atal Bihari Vajpayee, next week. The commission had threatened to resign if government did not give it powers of supervision and implementation of disinvestment of government stake in public sector undertakings (PSUs).

The commission was piqued by the government's recent decision to allow cross holding by cash-rich oil PSUs without consultation, sources said and added that views of other experts were being taken forrestructuring of national oil companies.

It had recommended that disinvestment in some of these oil PSUs be deferred till a final decision was taken on policy on administered pricing mechanism (APM).

Even in decisions relating to disinvestment in Indian Airlines the commission was ignored, they added. The commission is expected to submit its report on the pending PSUs next week and sources said that government's decision would determine whether it was commission's "last report."