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Ruia Group chairman taken into police custody

Numerous media outlets in India have reported the arrest of Pawan Ruia, chairman of the Ruia Group of companies, whose assets include in-liquidation tyre maker Dunlop India Ltd. Ruia was arrested on Friday in response to a complaint of cheating and criminal breach of trust filed against him by Indian Railways. He is currently in the custody of West Bengal Police’s Criminal Investigation Department.

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Court calls in liquidator to deal with Dunlop India – update

The Ruia Group has provided further information as a follow up to our news about Dunlop India Ltd. and recent proceedings in the Calcutta High Court. The Group’s vice-president of corporate communication, Dhrubajyoti Nandi, told Tyrepress.com that the reported court session of 22 December was challenged by the company before a division bench of the Calcutta High Court that same day. The division bench, shared Nandi, “ordered status quo.”

Read more

Related news:

  1. Court calls in liquidator to deal with Dunlop India
  2. Ruia Group chairman taken into police custody
  3. Dunlop India re-opening Sahagunj factory
  4. Bridgestone taking on India’s two-wheel market with Neurun tyre brand
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Court calls in liquidator to deal with Dunlop India

After years of lockouts, plant shut downs and operative restructuring, the Calcutta High Court has now ordered its Official Liquidator to take possession of all assets belonging to Dunlop India Ltd and to control all further company transactions.

Read more

Related news:

  1. Court calls in liquidator to deal with Dunlop India – update
  2. Ruia Group chairman taken into police custody
  3. Dunlop India re-opening Sahagunj factory
  4. Bridgestone taking on India’s two-wheel market with Neurun tyre brand
/by

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