WB Assembly passes bills for Dunlop, Jessop acquisition
The Dunlop India Limited (Acquisition and Transfer of Undertaking) Bill 2016 and Jessop & Company Limited (Acquisition and Transfer of Undertaking) Bill 2016 were passed by the Assembly, where it is said that the proprietors or current owners would be liable for 'prior' liabilities.
Before passing the bills, Chief Minister Mamata Banerjee on Friday announced to acquire two Ruia Group owned companies- Dunlop India Ltd. and Jessop & Company Ltd., which are closed now.
(Reporting by Deepayan Sinha)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
