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Our Bureau

Visakhapatnam , Sept. 14

THE plant and machinery, locomotives, vehicles, furniture, office equipment and other movable assets of Bharat Heavy Plate and Vessels Ltd here were attached on Tuesday to the Employees' Provident Fund Organisation for defaulting on PF dues of Rs 23 crore.

According to a press release issued by Mr T.V. Subba Reddy, the Regional PF Commissioner, several notices had been served on BHPV but the payment had not been made, necessitating the attachment of assets.

He warned other defaulting companies and establishments that similar action would be taken against them. He said the erring employers would be arrested, if necessary, if they did not pay the dues even after attachment of assets.

It may be noted that BHPV is on the verge of being referred to the Board for Industrial and Financial Reconstruction. The Union Industries Ministry is said to be preparing a revival package for the unit.

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