PINAKI MAJUMDAR
Jamshedpur, Jan 28: The 900-odd employees of ailing Incab Industries Limited will now have to wait till March 3 for getting any directive in their favour.
The Kolkata-bench of National Company Law Tribunal (NCLT) has fixed March 3 for the next hearing to decide the fate of the company.
Company sources said the employees whose claims were not accepted by the new Resolution Professional (RP) Pankaj Kumar Tibrewal have again started sending their claims with affidavits and the documents as asked by the RP.
According to sources, Vedanta Steel seems to have taken interest and submitted proposal for the resolution/ revival process of the company.
Earlier, Tata Steel Long Products Limited, Vedanta Limited and One City Infrastructure Private Limited – had submitted their expression of interest in response to a notice issued by the RP who is appointed by Kolkata- bench of National Company Law Tribunal.
Now, all eyes are fixed on the March 3 hearing.
Notably, Tata Steel Long Products Limited formerly Tata Sponge Iron Ltd is promoted by Tata Steel. It has its manufacturing facilities in adjoining Seraikela-Kharsawan district and Joda in Odisha while Vedanta Limited is a mining company, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.
The third applicant- One City Infrastructure Private Limited is a Delhi-based company which is majorly into real estate and renting business for the last 16 years.
The employees are facing a tough time. They rued that they were forced to live in penury as they are deprived of their salary for the last two decades, ever since the company closed in the year 2000.
