{"id":48726,"date":"2017-06-23T02:36:03","date_gmt":"2017-06-22T21:06:03","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=48726"},"modified":"2017-06-23T02:36:03","modified_gmt":"2017-06-22T21:06:03","slug":"calcutta-high-court-stays-sale-of-bengal-chemicals-excess-land","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/calcutta-high-court-stays-sale-of-bengal-chemicals-excess-land","title":{"rendered":"Calcutta High Court stays sale of Bengal Chemicals excess land"},"content":{"rendered":"<figure id=\"attachment_46521\" aria-describedby=\"caption-attachment-46521\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"46521\" data-permalink=\"https:\/\/www.legalindia.com\/news\/calcutta-hc-issues-contempt-kolkata-police-chief\/calcutta-high-court-recruitment\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?fit=621%2C414&amp;ssl=1\" data-orig-size=\"621,414\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Calcutta-High-Court-Recruitment\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?fit=621%2C414&amp;ssl=1\" class=\"wp-image-46521 size-medium\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?resize=300%2C200&#038;ssl=1\" alt=\"Calcutta High Court stays sale of Bengal Chemicals excess land\" width=\"300\" height=\"200\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?resize=150%2C100&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?w=621&amp;ssl=1 621w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-46521\" class=\"wp-caption-text\">Calcutta High Court stays sale of Bengal Chemicals excess land<\/figcaption><\/figure>\n<p>The Calcutta High Court today stayed the proposed sale of excess land of Bengal Chemicals and Pharmaceuticals Limited, a Union government undertaking.<\/p>\n<p>Justice Debangshu Basak stayed the proposed sale of the land, slated for auction next week, on a petition by the company&#8217;s workers&#8217; union opposing the proposed sale.<\/p>\n<p>Petitioner&#8217;s counsel Bikash Bhattacharya submitted to the court that the proposed sale was an attempt to slowly sell off the company.<\/p>\n<p>He said the company, which has made profit after several years, should be strengthened and diversified instead of the sale of its land.<\/p>\n<p>Appearing for the Union government, Additional Solicitor General Kaushik Chanda sought time to take instructions from the Centre for putting forth the government stand on the matter.<\/p>\n<p>Admitting the plea, Justice Basak asked the Centre to file an affidavit to spell out its stand on the petitioner&#8217;s claim.<\/p>\n<p>The workers&#8217; union was also directed to file a counter- affidavit and slated the matter for further hearing in August.<\/p>\n<p>Bengal Chemicals and Pharmaceuticals Limited is the first Indian pharma company set up in 1901 by scientist and visionary Acharya Prafulla Chandra Roy, the company website said.<\/p>\n<p>The company, which had been going through a prolonged bad phase, was nationalised in 1980.<\/p>\n<p>The Kolkata-headquartered company recorded a profit of Rs 4 crore in financial year 2016-2017 after suffering losses for several years.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Calcutta High Court today stayed the proposed sale of excess land of Bengal Chemicals and Pharmaceuticals Limited, a Union government undertaking. Justice Debangshu Basak stayed the proposed sale of the land, slated for auction next week, on a petition by the company&#8217;s workers&#8217; union opposing the proposed sale. Petitioner&#8217;s counsel Bikash Bhattacharya submitted to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[4064,146,31987,39750,117,80],"class_list":["post-48726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-calcutta-high-court","tag-court","tag-featured","tag-hc-stays-sale-of-bengal-chemicals-excess-land","tag-law","tag-legal-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Calcutta High Court stays sale of Bengal Chemicals excess land - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Calcutta High Court today stayed the proposed sale of excess land of Bengal Chemicals and Pharmaceuticals Limited, a Union government undertaking. - Get the latest legal news from the Supreme Court, High Courts, and government. 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