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Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land area SECTIONS Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land areaPTI Last Updated: Jul 04, 2021, 01:47 PM IST Share Synopsis The valuation of oil reserves that is termed as liquid gold has surprisingly not been disclosed anywhere in the auction notification, and only the land area has been detailed, the letter, also addressed to the secretary of Ministry of Heavy Industries and Public Enterprises, pointed out. PTI The employees unions of two defunct units of Hindustan Paper Mills Corporation Ltd, for which bidders have been invited to conduct an e-auction, on Saturday urged the liquidator to disclose the valuation of the oil reserves in the Cachar Paper Mills land area. There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly in a lease rent agreement w

India generalKuldeep vermaMinistry of heavy industriesNational company law tribunalHindustan paper mills corporation ltdAction committee of recognised unionsPublic enterprisesCachar paper millsCachar paper mill townshipJoint action committeeRecognised unionsHeavy industriesPaper millsNagaon paper millsCorporate insolvency resolution proceedingsBankruptcy code