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Tuesday, April 13, 2021
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    AIUDF reminds CM Sonowal for revival of Cachar & Nagaon Paper Mills

    The MLA said that a consortium of local entrepreneurs have come forward to invest funds and operate the paper mills

    GUWAHATI: The All India United Democratic Front (AIUDF) on Wednesday resent a memorandum to Assam chief minister Sarbananda Sonowal for revival of Cachar and Nagaon paper mills.

    The party’s Bilasipara West constituency MLA, Hafiz Bashir Ahmed Qasimi in the memorandum said that as a last resort of the revival of FIPC a resolution plan has been submitted before the National Company Law Tribunal under Section 230 of the Companies Act 2013 by a Consortium of Operational Creditors.

    “State’s industry minister Chandra Mohan Patowary stated in the House that some local entrepreneurs disappeared after preliminary discussions about operating the two paper mills. However, as per our knowledge, an application for support was submitted to Dr K.K. Dwivedi, Commissioner & Secretary, Industries & Commerce Department, on 29th August 2020, which requested the Government of Assam to plead in favour of reviving the papers mills at the liquidation-related hearing at the National Company Law Tribunal (NCLT) on 14 September,” the memorandum said.

    Reminding Sonowal of his recent statement in Jagiroad that the state government would fight for the revival of the paper mills till the end, the AIUDF MLA in his memorandum said, “The Government of Kerala has already pledged to bail out the sick HPC unit in that state. Similarly, the Government of Telangana has offered several concessions and incentives for the revival of a sick private paper mill owned by JK Paper Limited. It is incumbent upon the Government to redeem its promise of reviving the two paper mills of Assam.”

    The MLA said that a consortium of local entrepreneurs have come forward to invest funds and operate the paper mills, provided the state government clears the arrear dues of the employees.

    “The Government of Assam must immediately hold discussions with the Centre and arrive at a consensus regarding revival of the two paper mills on PPP basis, so that a formal proposal may be submitted to the NCLT before 14th September,” he urged in the memorandum.  

    The AIUDF leader added, “In case the Government cannot decide at this moment as to whether it can provide incentives along the lines of the Govemment of Telangana, then I urge you kindly to at least send a letter to the NCLT before 14th September, requesting that any decision on liquidation should be deferred for some time as, in accordance with your commitment, the Government of Assam is interested in reviving the two paper mills and is trying to help some local entrepreneurs who are keen to invest funds for this purpose.”

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