Question : HINDUSTAN ANTIBIOTICS LIMITED



(a) whether the Board for Industrial and Financial Reconstruction (BIFR) has issued show-cause notice for winding up of the Hindustan Antibiotics Ltd.;

(b) if so, the details thereof; (

(c) whether the Government has submitted any rehabilitation proposal with fresh funds for the revival of the company and change in the management before the BIFR;

(d) if so, the details thereof;

(e) whether the Government has indicated the extent of relief and concessions that would be extending to the incoming promoters; and

(f) if so, the details thereof, indicating the steps taken by the Government in this regard?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS (DR. CHHATTRA PAL SINGH)

(a) Yes Sir. The BIFR has issued a Notice for winding up of the Company on September 5, 2003, calling upon the concerned to file any objections/ suggestions with the Registrar.

(b) The BIFR heard the case on 18.12.2003 and passed certain directions to the Operating Agency (IDBI) keeping in abeyance the show cause notice for winding up of the HAL.

(c ) No, Sir.

(d) Does not arise.

(e) No, Sir.

(f) Does not arise.