Though the companies could have done much better ,Govt shouldn't have done this.
Instead companies should have been given a second chance and do some monitoring to bring them to desired levels.
this govt action cause lot of foreign outflow.net result was a very much damaging one.
I am curious to know what is happening these days.Are they producing any sugar now?
Will these become another set of defunct factories like kanthale and hingurana , loading the burden on public.
Do you know what they are doing these days?are they looking for new investors?