MUMBAI: Come oh come ye tea-thirsty restless ones — the kettle boils, bubbles and sings, musically. Nobel laureate Rabindranath Tagore probably wrote the famous line on a tea farm his grandfather was instrumental in starting back in the 1830s. Little could Tagore have imagined that the farm would, about two centuries later, cause a Rs. 1,000-crore gap in bank balance sheets, putting at risk the lives of 26,000 employees and their families.
The Assam Company (India), incorporated back in 1839, is in the middle of a bankruptcy process hamstrung by the lack of clarity on rules, and the resolution professionals hard stance that has the lenders support, according to people close to the developments. One of them said that the company, with i…
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