Question : PROTECTION TO COMPANIES FROM RIEGG ERIES AND ATTACHMENT



(a) whether a number of Indian companies sought protection from recoveries and attachment ae;ition dun ing the last three years;

(b) if no, the details thereof and action taken on each such company

(c) the reiascws for not: rescuing some companies from liquidation;

(d) whether the Governrnenit proposes to reroute the capital assets for more productive purposes, take workable practical solutions and formulate a mew law to help tie troubled companies to come out of the effect of slowdown; and

(e) if so, the details thereof?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a)to (e) The information is begin collected and will be laid on the Table of the House to the extent available.