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Vijay C Roy
Tribune News Service
Chandigarh, July 19
The slump in the real estate sector has cast shadow over the liquidation of assets of defaulting industrial units in the region. According to statistics, there are over 100 properties worth over several hundred crores lying with official liquidators of Punjab, Haryana and Himachal Pradesh which are struggling to find buyers.
The official liquidator is appointed by the Central government under the Companies Act, 1956 attached to the high court of the state for the purpose of conducting liquidation proceedings of those compan…
Read the full article at: http://www.tribuneindia.com/news/business/realty-slump-hits-firms-liquidation/268386.html