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Regular-article-logo Friday, 24 May 2024

Firm mulls revival of Hindustan paper Corporation mills

Plea will be considered on March 27 or 28, subject to development of the intensity of Covid-19

Swapnaneel Bhattacharjee Silchar Published 18.03.20, 09:27 PM
Manobendra Chakraborty, president of Cachar Paper Project Workers’ Union, who attended the meeting, told The Telegraph on Wednesday that they demanded clearing of all the employees’ dues at one go within a month of submission of the final resolution plan.

Manobendra Chakraborty, president of Cachar Paper Project Workers’ Union, who attended the meeting, told The Telegraph on Wednesday that they demanded clearing of all the employees’ dues at one go within a month of submission of the final resolution plan. File picture

A Guwahati-based company, Mahalaxmi Group, has submitted an expression of interest to the liquidator for revival of Hindustan Paper Corporation (HPC).

Sources said a meeting of the stakeholders’ consultation committee was held in Calcutta on Tuesday in which the company submitted its proposal to HPC’s liquidator. The company said it would go ahead with the revival process but would not take the liability of the employees’ dues, which the government should pay. Representatives of the Centre were invited but were not present, sources said.

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The company, which was asked by the liquidator to submit its resolution plan by April 4, appealed for a month’s extension in view of the coronavirus pandemic. The liquidator said the plea will be considered on March 27 or 28, subject to development of the intensity of Covid-19, the sources said.

Manobendra Chakraborty, president of Cachar Paper Project Workers’ Union, who attended the meeting, told The Telegraph on Wednesday that they demanded clearing of all the employees’ dues at one go within a month of submission of the final resolution plan. Dipak Chandra Nath, general secretary of Cachar Paper Mill Officers’ and Supervisors’ Association, echoed Chakraborty.

Donation: BJP leader Gautam Roy donated Rs 1 lakh for the education of children of the employees of Cachar Paper Mill on Tuesday.

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