Alok Industries employees move NCLT against liquidation; fate of nearly 12,000 jobs at stake
Alok Industries will soon be heading towards liquidation. The textile company, which did not get any suitable bidder within the 270-day period stipulated under the Insolvency and Bankruptcy Code (IBC), is likely to let go of about 12,000 permanent jobs.
Last Updated: April 20, 2018 | 16:33 IST
Picture for representation purpose only (Photo: Reuters)