Kolkata, March 29 (IANS) Tyre maker Dunlop India Ltd (DIL) Thursday filed an appeal against the March 26 Calcutta High Court order appointing a provisional liquidator to take charge of the company’s assets.
“Aggrieved by the court’s order we have filed an appeal before a division bench of the Calcutta high Court,” company spokesman D. Nandi said.
The order was given while hearing petitions filed by unsecured creditors of the company, headed by Pawan Ruia.
A liquidator is appointed for taking control of all the assets of a company for settling claims against it when a company goes into the winding-up process.
As on March 31, 2011, the company has unsecured loans of about Rs.272 crore and secured loans of about Rs.48 crore.
Kolkata, March 29 (IANS) Tyre maker Dunlop India Ltd (DIL) Thursday filed an appeal against the March 26 Calcutta High Court order appointing a provisional liquidator to take charge of the company’s assets.
“Aggrieved by the court’s order we have filed an appeal before a division bench of the Calcutta high Court,” company spokesman D. Nandi said.
The order was given while hearing petitions filed by unsecured creditors of the company, headed by Pawan Ruia.
A liquidator is appointed for taking control of all the assets of a company for settling claims against it when a company goes into the winding-up process.
As on March 31, 2011, the company has unsecured loans of about Rs.272 crore and secured loans of about Rs.48 crore.
