The management of Dunlop India, on Friday, got a temporary reprieve on the winding up order served on it on January 31as the High Court said that it would hear the matter on February 18.
The company, which has sought a stay on the trial court’s order, was asked by the court to deposit Rs.10 crore as a proof of its intentions on running the company. It was asked to do so when the matter first came up for hearing before a Division Bench on February 4.
The court had directed the official liquidators on Monday not to move in immediately on the basis of the earlier order, which said that official liquidators should move in, and takeover the company’s assets and its books of accounts.
