HC clears liquidation of Dunlop assets
Press Trust of India : Kolkata, Tue Feb 19 2013, 01:53 hrs
Related
Top Stories
- IPL spot-fixing case: Actor Vindoo Dara Singh arrested
- IPL 2013 LIVE SCORE: Michael Hussey, Suresh Raina propel Chennai Super Kings
- Pune Warriors withdraw from IPL, 'disgusted' by BCCI's attitude
- IPL spot fixing: How Sreesanth splurged money on girlfriend
- Li Keqiang visits TCS, Cyrus P Mistry says China important for growth of Tata Group
Paving the way for liquidation of ailing Dunlop India's assets, the Calcutta High Court on Monday vacated an interim stay on winding up of the tyre maker reeling under huge debts and labour troubles.
The High Court had ordered winding up of Dunlop India Ltd through a directive dated January 31, but an interim relief was later granted on this order till February 18.
Vacating the stay, a division bench of Justices Asim Kr Banerjee and SK Sinha today asked the official liquidator to take possession of the company's assets.
The creditors, to whom Dunlop reportedly owes more than Rs 300 crore, had moved winding up petition after repeated failures by the company in clearing of dues.
Please read our terms of use before posting comments
Kelkar panel on natural gas pricing likely to endorse Rangarajan formula
DGCA scrutiny likely for airlines' levy on services
After lull, highway projects see aggressive bid offers
PM: Govt initiating more measures to attract investments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
Editors’ Pick
- 'Sophisticated' Indian cyberattacks targeted Pak military sites: Report
- Talkative Li quoted Weber, Hegel, Jobs, said PM is large-hearted
- Bihar food corp ends up with chaff as rice worth Rs 535 cr vanishes from mills
- In 7 lucrative minutes on May 9, Sreesanth bowled 6 balls, bookie made Rs 2.5 cr
- India and China ask border envoys to work on more steps
- Former Ranji player among 3 more held
- Rajasthan Royals to file FIR against tainted trio
- Family of theft accused allege police torture
- After Khalid’s death, Muslim leaders want govt to make Nimesh panel report public
- Meteoroid impact triggers bright flash on the moon
- Cobrapost sting: NABARD chief gives clean chit to co-operative banks
- Google Maps leads Chinese man abducted 23 years ago back home
