Fiat To Thapar Agro On Arrears

The northern bench of the Company Law Board (CLB) has ordered Ludhiana-based Thapar Agro Mills to immediately repay arrears of interest on all public deposits to the tune of Rs 3 crore. It has set the last date for repayment as March 31, 1997, for all interest payable before December 31, 1996. The order has been passed by CLB member R Ramanathan, taking into consideration the sufficient assets with the company for honouring deposits taken by the company.