Government Investment Management Process Begins for Butwal Textile Factory
Summary
The government has begun the process of managing its investment in Butwal Textile Factory Limited in Rupandehi, with a Finance Ministry team assessing the company’s assets and liabilities. The factory has issued a 21-day notice asking customers, employees, and other stakeholders to submit any outstanding claims or dues.
Key Points
- A team from the Ministry of Finance is conducting a due diligence audit of Butwal Textile Factory Limited’s assets and liabilities.
- The process follows a decision by the Council of Ministers of the Government of Nepal on Jestha 15, 2082.
- The factory has published a 21-day public notice asking claimants and debtors to come forward with proof of transactions or accounts.
- If no claims are received within the deadline, the process will move forward under prevailing law.
