1 board for industrial and financial reconstruction bench iii case no ...

More documents

Recommendations

Info

Case No.93/1987 M/s Alluminium Industries Ltd ALIND Workers Union, Kundara ALIND Steel Plant Emp. Union Union (AITUC), Kundara ALIND Steel Plant Workers Congress (INTUC), Kundara ALIND Emp. Union, Hirakud G. Ramachandran, Secretary B. Rajeev, Gen Secretary M. Sivaprasad, Gen Secretary 1. Lokanath Sabat, Gen Secy 2. C.M.Majhi ALIND Machinery Div. Emp Union 1. J.B,.Rai, Hyderabad 2. Sudhakar. V, ALIND Emp. Assn. Conductor Div. Hyderabad ALIND workers Samrakshna Samathi Kundara ALIND Switchgear Emp.Assn.,Mannar ALIND Switchgear Emp.Union,Mannar Kotak Mahindra Bank (assignee of ICICI & SBT) Kundra Aluminium Factory Workers Union, Kundra ALIND Material Handling Division, Hyderabad AREU, Trivandrum ALIND Machinery Div.Retired Employees Welfare Union,Hyderabad ALIND Steel Product Emp.Federation Coordination of ALIND Trade Union C. N. Chari P.Krishna 1. P.G Scaria, Advocate 2. S.Johnson Aliyarkutty 1. Mohan Kumar 2. Chandrakumar Jacob Thomas, ASEU (CITU) Vikas Bhardwaj, Associate Vice President Rajeev M.K. Gen Secy K. Arjunrao S.Ajith Kumar 1.P.Satya Prakash,VP 2.S.A.Khander,GS S. Mony, Advocate S. Mony, Advocate *********** 1. On a referen ce filed u n der s ection 15 (1) of SICA, th e Boa rd, in its h ea rin g h eld on 20/ 10/ 87, decla red th e com pa n y M/ s Alu m in u m 2
Case No.93/1987 M/s Alluminium Industries Ltd In du s tries Ltd. (AIL) a s a Sick In du s tria l Un derta kin g , with in th e m ea n in g of Section 3(1)(o) of th e Act, a n d th e Boa rd a ppoin ted th e IIBI a s th e Opera tin g Agen cy (OA) to form u la te a s ch em e for reviva l of th e s ick com pa n y Th e Boa rd, in its s u bs equ en t h ea rin g h eld on 27/ 06/ 02, relieved IIBI from th e res pon s ibility a s th e OA a n d a ppoin ted th e Sta te Ba n k of Tra va n core (SBT) a s th e OA. Th e Boa rd, in its h ea rin g h eld on 10/ 11/ 03, directed th a t s epa ra te reviva l s ch em es be con s idered/ a pproved in r/ o th e com pa n y s th ree (3) Divis ion s viz Ma ch in ery Divis ion (MD)/ Con du ctor Divis ion (CD) a t Hydera ba d, Rela ys Divis ion (RD) a t Th iru va n th a pu ra m a n d Switch gea r Divis ion (SD) a t Ma n n a r a n d th e Boa rd, a ccordin gly, directed the OA (SBT) to submit separate revival proposals in r/o each of these three (3) Divisions. 2. Based on the draft revival schemes [DRS(s)] received from the OA, the Boa rd prepa red/ circu la ted th e DRS(s ) in res pect of ea ch of th e s a id th ree(3) Divis ion s , vide Boa rd s order(s ) dt. 28/ 01/ 05, to a ll con cern ed a gen cies , for th eir con s en ts / com m en ts , in term s of provis ion u / s 19(1) & 19(2) of th e Act, with a direction th a t th e objection (s )/ s u ggestion s in r/ o th e DRS(s ), if a n y, wou ld be con s idered by th e Boa rd, in its m a n da tory hearing, scheduled on 26/7/05. 3. Th e Boa rd, in its s a id m a n da tory h eld on 26/ 7/ 05, n oted, interalia, th a t s om e of th e a gen cies , bes ides ra is in g certa in objection (s ) for consideration of division-wise revival schemes of the sick company M/s AIL, a ls o ra is ed objection s for th e propos ed dis pos a l of th e com pa n y s la n d/ a s s ets , ba s ed on th e offers / prices received du rin g Dec 2002. Th e Boa rd n oted in th e s a id h ea rin g th a t th e re-open in g of th e fin a lized proces s for dis pos a l of th e com pa n y s s u rplu s la n d/ a s s ets wou ld be a n u n -ending exercis e. In view of th e con s en ts received from th e con cern ed a gen cies rega rdin g th e reliefs & con ces s ion s en vis a ged from th em in r/ o th e DRS(s ), th e Boa rd s a n ction ed th ree (3) sepa ra te reviva l s ch em es for th e com pa n y s th ree (3) divis ion s viz MD/ CD a t Hydera ba d, RD a t Th iru va n th a p u ra m & SD a t Mannar, h a vin g con s idered th e cut-off-da te (COD) a s 31/ 03/ 04, 3
Page 1: Case No.93/1987 M/s Alluminium Indu
Page 5 and 6: Case No.93/1987 M/s Alluminium Indu
Page 11 and 12: (iii) (iv) (v) (vi) Case No.93/1987
Page 23: (a) Case No.93/1987 M/s Alluminium

1 board for industrial and financial reconstruction bench iii case no ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?