Related Keywords: auction, commerical land, DRT, Hukumchand textile mill, mill closed, minimum base price, tender visited
The Debt Recovery Tribunal ( DRT) has final taken the decision of putting the Hukumchand Textile Mill land for auction on October 10 and fixed minimum base price ( MBP) for the auction of mill land at Rs 400 crore. The mill was closed down in 1991 leaving its 6,000- odd employees red- faced.
According to Hukumchand Mill Employee Agitation Committee ( HMEAC) president Naresh Srivansh MBP fixed was unfair. The official liquidator of DRT ( MP& CG), UK Sahu should have assessed the value of the mill land in a better way and put a higher value as it is a commercial land.
