MLA Surrounds Committee Over Scrapping Of Sasamusa Mill The controversy surrounding the scrapping of the Sasamusa Mill has intensified as local MLA Manjith Kumar Singh confronted the committee overseeing the matter. During a review meeting chaired by the minister of the sugar industry department, Singh raised several critical concerns about the process of dismantling the mill, emphasizing the need for an immediate halt to the scrapping procedure. He argued that any rush in the matter would be inappropriate, given the legal, financial, and administrative complexities involved. Singh stressed that the machinery and assets of the mill must not be dismantled until a thorough and impartial investigation is completed. The legal battle over the mill’s fate has been ongoing for nearly a decade. Singh highlighted that he had previously filed a public interest petition in Patna High Court on behalf of farmers, which resulted in a favorable ruling in their favor. However, the case remains pending as the involved bank continues to appeal the decision. Singh questioned the legality of initiating parallel proceedings in the National Company Law Tribunal, asserting that such actions could undermine the integrity of the judicial process. He also pointed out that a legal petition against the liquidator of the mill is pending, with the next hearing scheduled for August 12. Despite the pending legal issues, the committee approved the scrapping process, prompting Singh to express his objections. He cited unresolved financial and legal matters, including the outstanding payments to farmers and the lack of clarity on the mill’s valuation. The committee acknowledged the discrepancy in the mill’s estimated value, with one assessment placing it at over 50 crore rupees and another at 17.64 crore rupees.#committee #national_company_law_tribunal #patna_high_court #mla_manjith_kumar_singh #sasamusa_mill
