A CALCUTTA court order of liquidation means that tyre maker Dunlop India’s Sahaganj unit will cease to exist. Work at the firm’s plant was suspended last year over alleged trouble on its premises. The firm had bought tyre machinery but was not able to pay for these due to slow business. It then decided to flog these off to its subsidiaries. This was the basis of the court case with the Calcutta high court ruling that Dunlop’s sale of the assets to its subsidiaries was a fraud on other stakeholders and ordered a court-appointed liquidator to reclaim them. (PRA)
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