The liquidator appointed to settle the debts accrued by the Hindustan Photo Films Manufacturing Company Limited, has disregarded a show-cause notice issued to him by the T.N. Forest Department, urging him to stop the auction.
The liquidator had put up the assets of the company for an e-auction, assets that include 291 acres of land leased to it by the Forest Department in the 1960s, to set up the company. The District Forest Officer (Nilgiris division), had issued the show-cause notice stating that the sale of the land on which the company has been set up on is in violation of the Tamil Nadu Forest Act of 1882 and the Indian Forest Conservation Act of 1980. Despite this, the sale of the land was not cancelled, and an e-auction was held on October 12.
