According to an official statement, the Union cabinet approved the implementation of an earlier CCEA (Cabinet Committee on Economic Affairs) decision on closure of TSPL.
"It also provides for getting the name of the company struck off from the Registrar of Companies after setting balance liabilities of TSPL," the statement said.
The CCEA had approved the closure of the company in December, 2015 after discharging "all dues to employees or workers and creditors".
"Cabinet approved transfer of MMH Plants to Government of Karnataka along with 20,000 square meter land," the statement said.
"Cabinet also approved selling 82.37 acres of land of the Company at Hospet to Karnataka Government for use of the Karnataka State Housing Board."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
