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

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
newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.

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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 Delhi , Sterlite Tuticorin , Aruna Sharma , Balvinder Kumar , Consumer Unity Trust Society , Supreme Court , National Green Tribunal , Secretary Balvinder Kumar , Niti Aayog Sponsored , Consumer Unity , Trust Society , Mining Case , Sterlite 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 Delhi , Sterlite Tuticorin , Aruna Sharma , Balvinder Kumar , Supreme Court , Consumer Unity Trust Society , National Green Tribunal , Secretary Balvinder Kumar , Niti Aayog Sponsored , Consumer Unity , Trust Society , Mining Case , Sterlite 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 . ....

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