 "Tea, Tea garden")
The Guwahati Bench of the National Company Law Tribunal (NCLT) has appointed Vinod Kumar Kothari as an interim resolution professional (IRP) to manage the 178-year-old Assam Company India Ltd, India’s oldest tea plantation & oil exploration company. According to industry players, this is the first such case in the plantation sector, but there could be more in the time to come.
Assam Company, with its assets comprising 14 tea estates, also has participating interests in oil & natural gas exploration in Assam. It employs 16,500 people, directly or indirectly.
While company officials were not immediately available for comments, NCLT documents and the
