HOCL

ccea-approves-ex-post-facto-approval-for-interest-waiver-of-hocl

CCEA approves ex-post facto approval for interest waiver of HOCL

Cabinet Committee on Economic Affairs has given its ex-post facto approval for waiver of interest of Rs.7.59 crore on the government loans of Hindustan Organic Chemicals Ltd (HOCL) as on March 31, 2005. This was in addition to the ‘waiver of penal interest and interest on interest up to March 31, 2005’ which was approved by the CCEA in March, 2006 under the rehabilitation package for HOCL. Ex-post facto approval will also enable HOCL to settle pending CAG audit observation in the matter. The CCEA was chaired by Prime Minister Narendra Modi.

 

As this is an almost 10-year-old case, the interest amount of Rs.7.59 crore has already been written off in the books of accounts of the government and HOCL and the interest amount involved is not substantial. It would be expedient at this stage to regularise the waiver of interest of Rs.7.59 crore on GoI loans as on March 31, 2005. 

21 May 2020
bhatia-selected-for-director-post-in-hocl

Bhatia selected for Director post in HOCL

The public-sector headhunter, on Wednesday, selected Chander Prakash Bhatia for the post of Director (Finance), Hindustan Organic Chemicals Limited (HOCL). Altogether two candidates appeared before the selection board for interview including Mrs Susheela Kulkarni, Company Secretary, Hindustan Organic Chemicals Limited (HOCL).

13 Mar 2019
ccea-approves-ex-post-facto-approval-for-interest-waiver-of-hocl

CCEA approves ex-post facto approval for interest waiver of HOCL

By IndianMandarins 21 May 2020

Cabinet Committee on Economic Affairs has given its ex-post facto approval for waiver of interest of Rs.7.59 crore on the government loans of Hindustan Organic Chemicals Ltd (HOCL) as on March 31, 2005. This was in addition to the ‘waiver of penal interest and interest on interest up to March 31, 2005’ which was approved by the CCEA in March, 2006 under the rehabilitation package for HOCL. Ex-post facto approval will also enable HOCL to settle pending CAG audit observation in the matter. The CCEA was chaired by Prime Minister Narendra Modi.

 

As this is an almost 10-year-old case, the interest amount of Rs.7.59 crore has already been written off in the books of accounts of the government and HOCL and the interest amount involved is not substantial. It would be expedient at this stage to regularise the waiver of interest of Rs.7.59 crore on GoI loans as on March 31, 2005. 

bhatia-selected-for-director-post-in-hocl

Bhatia selected for Director post in HOCL

By IndianMandarins 13 Mar 2019

The public-sector headhunter, on Wednesday, selected Chander Prakash Bhatia for the post of Director (Finance), Hindustan Organic Chemicals Limited (HOCL). Altogether two candidates appeared before the selection board for interview including Mrs Susheela Kulkarni, Company Secretary, Hindustan Organic Chemicals Limited (HOCL).

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