Hearing of HPC Paper Mills case adjourned at NCLT on Monday

Sept. 14: The fate of the two defunct HPC paper mills of Assam (Nagaon & Panchgram) was supposed to be decided at National Company Law Tribunal (NCLT) on 14 September, 2020. However, the matter did not reach for hearing at NCLT, Delhi on Monday and it was adjourned. The next date for hearing at NCLT is fixed on 21 September. This was informed by Manabendra Chakraborty, President of CPPWU (INTUC) & JACRU.

It needs mention here that the Industry and Commerce department of government of Assam on 10 September wrote to Kuldeep Verma, Liquidator of HPCL seeking one month time for revival of the defunct HPC paper mills as the “state government is making sincere efforts and pursuing the matter with the central government for revival of the closed mills and clearance of all dues of employees and workers”.

Cachar Paper Mill and Nagaon Paper Mill run by Hindustan Paper Corporation Limited (HPCL) have been non-functional since 20 October 2015 and 13 March 2017 respectively. The employees of the two mills have not received salaries for the past 45 and 43 months.