How does Tulsian view the Cairn-Vedanta deal delay?

SP Tulsian of sptulsian.com, in an interview on CNBC-TV18 gave his view on the whole Cairn-Vedanta issue being referred to a GoM headed by finance minister Pranab Mukherjee.

Below is a verbatim transcript of his interview with Shereen Bhan. For the complete interview watch the accompanying video. Q: The Cairn stock was under pressure today. Sesa Goa says it will continue and go ahead with its open offer. How are you reading this? A: This is incompetency on part of the government. Inspite of such a long time they are unable to take a decision on this. This is playing with the minority shareholders by asking them tendering or maybe Vedanta going ahead with the open offer because honestly I don't see any meaning or substance in that. Also, on Vedanta's part this is not right. The conditions of the open offer say that it is subject to availability of all the consents and the statutory approval which have not come in this case. Vedanta being an entrepreneur can always take a risk or gamble by acquiring 20% stake but that will not be justification because unless and until you know that with whom or who will be the person who will be running the company it will be difficult for the minority shareholders. Hypothetically, if I presume that open offer goes through with 20% then there will be three factions, one with Cairn 63%, second will be Petronas with 15% and third will be Vedanta with 20%. So it will be mockery of the public-listed company. It will be misrepresentation on part of the minority shareholders to persuade them or to invite them to participate in this open offer. Why should they tender their shares? Why should they suffer for the incompetency on part of the government? All these things are very precarious for putting the minority shareholders in a very difficult and awkward situation. Q: What do you see happening now? Do you see people tendering their shares in the open offer on Monday? A: See this open offer is opening on April 11 and will remain open till April 30. In my view if the deal doesn