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Arcelormittal India Private Limited & vs Union Of India & Ors on 29 February, 2024

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Court-directed closed units should be allowed maintenance in the interim: Experts

Court-directed closed units should be allowed maintenance in the interim: Experts
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New delhiSterlite tuticorinBalvinder kumarAruna sharmaNational green tribunalSupreme courtSecretary balvinder kumarNiti aayog sponsoredConsumer unityTrust societyMining caseSterlite copper

Welcome To IANS Live - LatestNews - Court-directed closed units should be allowed maintenance in the interim: Experts

While the court or any judicial body may decide based on merits, allowing maintenance activities in such closed units would not just help promoters to save cost and time to restart; the economy will also be benefitted. This is primarily because any such closure leads to loss to the exchequer, rising unemployment, growing imports and increased forex outgo. The sooner these units restart the better for the overall economy.

New delhiSterlite tuticorinAruna sharmaBalvinder kumarConsumer unity trust societySupreme courtNational green tribunalSecretary balvinder kumarNiti aayog sponsoredConsumer unityTrust societyMining caseSterlite copper

Welcome To IANS Live - BUSINESS - Court-directed closed units should be allowed maintenance in the interim: Experts

While the court or any judicial body may decide based on merits, allowing maintenance activities in such closed units would not just help promoters to save cost and time to restart; the economy will also be benefitted. This is primarily because any such closure leads to loss to the exchequer, rising unemployment, growing imports and increased forex outgo. The sooner these units restart the better for the overall economy.

New delhiSterlite tuticorinAruna sharmaBalvinder kumarSupreme courtConsumer unity trust societyNational green tribunalSecretary balvinder kumarNiti aayog sponsoredConsumer unityTrust societyMining caseSterlite copper

Court-directed closed units should be allowed maintenance in the interim: Experts

Even as the Supreme Court's order on the closure of Sterlite's Tuticorin copper unit is pending, a clamour is growing across various sections of the society for allowing the managements of such court-directed closed units to carry out .

New delhiAruna sharmaSterlite tuticorinBalvinder kumarConsumer unity trust societyNational green tribunalSupreme courtSecretary balvinder kumarNiti aayog sponsoredConsumer unityTrust societyMining caseSterlite copperSand mining