HPC Under Liquidation On Directions Of NCLT, NCLAT: Govt

A proposal for revival of HPC was under consideration when the National Company Law Tribunal (NCLT) through an order in 2018, directed the initiation of Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code (IBC), 2016. Hindustan Paper Corporation Limited (HPC) is under liquidation process on the directions of the National Company Law Tribunal and the National Company Law Appellate Tribunal, Parliament was informed on Tuesday. The liquidator appointed for the company is undertaking the liquidation process. In a written reply to the Lok Sabha, Minister of State for…

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