Guwahati News Desk: The two paper mills in Nagaon and Pachgram of Cachar to be e-auctioned as scrap on June 30.
The two paper mills of Assam used to operate under Hindustan Paper Corporation.
The advertisement for the e-bid has been published on Tuesday by liquidator Kuleep Verma after a maze of legal web.
Earlier, an attempt was made by the National Company Law Tribunal to save the company from the auction.
The two paper mills combined produced 2,00,000 tonnes of newsprint in a single day.
From the last 51 months, no salary was provided to their staff which led to three suicide cases.
Earlier, a few private companies have shown interest to utilize the land by running both the paper mills by using new types of machinery to run the plants at a smaller capacity which later did not matter.