Jessop, Dunlop stare at a bleak future amid lack of clarity over ownership

Nearly three years after the West Bengal Assembly passed two consecutive Bills to take over Jessop & Company and Dunlop India, neither could be taken over nor liquidated to settle the outstanding dues of banks and workers.
 

The crux of the problem is lack of clarity over their ownership.

Although the state Assembly passed Bills to take control from the Ruia Group  — the former owner of Jessop and Dunlop — in February 2016, approval from the Centre is still pending.

While Pawan Ruia, chairman of the Ruia Group, is not ready to acknowledge that he has control over these