The Takeovers Panel will delay enforcing its orders that an investor in car component company CMI sell shares acquired under unacceptable circumstances pending the outcome of a review application the investor has made.

The Panel has put a stay on its final orders – other than the acquired 9.22 per cent share stake acquired not be dealt with – after the investor, Leanne Catelan and her company, Tinkerbell Enterprises, sought on February 24 to have the decision reconsidered.