Sunday, May 27, 2018
News

Calcutta High Court scrapped proposed sale of excess Bengal Chemicals land

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Kolkata | Tuesday, Feb 13 2018 IST
Calcutta High Court today scrapped the proposed sale of excess land of the state-run Bengal Chemicals and Pharmaceuticals Limited, a Union government undertaking.

Justice Debangshu Basak set aside the Central government's proposal for sale of the land, slated for auction last year on a petition filed by the company's workers' union opposing the proposed sale.

Petitioner's counsel Bikash Bhattacharya pleaded before the court that the proposed sale was an attempt to slowly sell off the company.

Bhattacharya said the company, which has made profit after several years, should be strengthened and diversified instead of the sale of its land.

Appearing for the Union government, Additional Solicitor General Kaushik Chanda made the Central govenment stand before the court.

Earlier, admitting the plea, Justice Basak asked the Central Government to file an affidavit to spell out its stand on the petitioner's claim.

Bengal Chemicals and Pharmaceuticals Limited is the first Indian pharma company set up in 1901 by scientist and visionary Acharya Prafulla Chandra Roy, the company website said.

The company, which had been going through a prolonged bad phase, was nationalised in 1980.

The Kolkata-headquartered company recorded a profit of Rs 4 crore in financial year 2016-2017 after suffering losses for several years.

UNI XC AKM

-- (UNI) -- C-1-1-DL0213-1248994.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
Hockey India announces 48 players for Se...
India's gross defence budget may reach 1...
BRDC initiates 'Art Walk' to attract to...
National workshop on 'Cyclone Ockhi' on ...
In 'now or never' polls, Cong banks on t...
Modi pays tributes to Nehru on his death...
More...    
 
 Top Stories
England could get new national park... 
George Michael's ex to challenge hi... 
Sharp hike in US EB5 visa investmen... 
Real Madrid defeat Liverpool, win t... 
Marathi films more appealing to you... 
19 IS militants killed in Afghan ai... 
Apollo 12 astronaut Alan Bean dead ... 
'Paltan' trailer to release in mid-...