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Centre planning to close down State paper mills: Cong

By Spl Correspondent
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NEW DELHI, June 25 - The intention of the Modi Government has become clear and the Central Government has finalised plans to close down the Hindustan Paper Corporation (HPC) including two paper mills in Assam, Rajya Sabha MP Ripun Bora alleged here today.

Briefing media, Bora said that Government is misleading the people because on May 2 the National Company Law Tribunal (NCLT) had ordered liquidation of the two paper mills.

The order was given a month, ago and the government is aware about it but in the Rajya Sabha reply they have not mentioned about the order. Government has indulged in suppression of facts. This goes to prove that the government�s intention is to close down the mills permanently.

The Centre on Monday confirmed that NCLT on May 2 ordered liquidation of Hindustan Paper Corporation Limited (HPC) that owns Nagaon and Cachar paper mills in Assam.

In reply to a Rajya Sabha question by Assam Congress MP Ripun Bora, Minister for Heavy Industries and Public Enterprises Arvind Ganpat Sawant said that the HPC chairman and managing director had filed an appeal in the NCLT against the order of June 13, 2018 of NCLT, but the appeal was dismissed.

The NCLT through an order directed initiation of corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016 against the HPC.

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Centre planning to close down State paper mills: Cong

NEW DELHI, June 25 - The intention of the Modi Government has become clear and the Central Government has finalised plans to close down the Hindustan Paper Corporation (HPC) including two paper mills in Assam, Rajya Sabha MP Ripun Bora alleged here today.

Briefing media, Bora said that Government is misleading the people because on May 2 the National Company Law Tribunal (NCLT) had ordered liquidation of the two paper mills.

The order was given a month, ago and the government is aware about it but in the Rajya Sabha reply they have not mentioned about the order. Government has indulged in suppression of facts. This goes to prove that the government�s intention is to close down the mills permanently.

The Centre on Monday confirmed that NCLT on May 2 ordered liquidation of Hindustan Paper Corporation Limited (HPC) that owns Nagaon and Cachar paper mills in Assam.

In reply to a Rajya Sabha question by Assam Congress MP Ripun Bora, Minister for Heavy Industries and Public Enterprises Arvind Ganpat Sawant said that the HPC chairman and managing director had filed an appeal in the NCLT against the order of June 13, 2018 of NCLT, but the appeal was dismissed.

The NCLT through an order directed initiation of corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016 against the HPC.