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Maruti Suzuki boosts manufacturing of O2 PSA generator plants


Maruti Suzuki boosts manufacturing of O2 PSA generator plants
​ By
IANS
|
​ 6 Views
Gurugram: Maruti Suzuki plant, Gurugram. (Photo: Bidesh Manna/IANS). Image Source: IANS News
New Delhi, May 9 : Maruti Suzuki India Ltd (MSIL) has said that realising the critical importance of rapidly installing Oxygen PSA plants, both to produce life-saving oxygen as well as reduce the immense logistical problems, it it boosting the manufacturing of such plants.
In a statement, the company said that these plants are being made by small scale units with very limited resources or ability to scale-up production. We located two companies in the NCR area, Airox Nigen Equipments Pvt Ltd and SAM Gas Projects Pvt Ltd. They were flooded with orders but had a capacity to manufacture only 5-8 plants a month. ....

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Liquidation Under Insolvency And Bankruptcy Code, 2016- Compulsory? - Insolvency/Bankruptcy/Re-structuring


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The insolvency resolution process in India has in the past
elaborated the simultaneous operation of several statutory
instruments. This includes the Sick Industrial Companies Act, 1985,
the Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest, 2002, the Recovery of Debt Due to
Banks and Financial Institution Act, 1993 and the Companies Act,
2013.
The involuntary liquidation provisions in the Insolvency and
Bankruptcy Code, 2016
(“IBC”) came
into effect on 15
th December 2016. Along with this, the
Insolvency and Bankruptcy Board of India (Liquidation process)
Regulations 2016
(“Regulations”) were ....

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