https://www.taxtmi.com/news?id=3378 The winding up petition against M/s Daewoo Motors (India) Ltd. led to liquidation; the factory sale ordered by the Debt Recovery Tribunal produced proceeds now held by that Tribunal. A committee tasked with scrutinizing workmen claims has submitted its report to the Delhi High Court, and employee claims remain pending adjudication. Allegations exist that the liquidator sold the company to a third party without settling employees' claims and queries have been raised about actions and timeframes to resolve those claims. en-us Mon, 21 May 2012 17:47:33 +0530 Mon, 21 May 2012 17:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3378 The winding up petition against M/s Daewoo Motors (India) Ltd. led to liquidation; the factory sale ordered by the Debt Recovery Tribunal produced proceeds now held by that Tribunal. A committee tasked with scrutinizing workmen claims has submitted its report to the Delhi High Court, and employee claims remain pending adjudication. Allegations exist that the liquidator sold the company to a third party without settling employees' claims and queries have been raised about actions and timeframes to resolve those claims. News - Mon, 21 May 2012 17:47:33 +0530 https://www.taxtmi.com/news?id=3378