Tascot Templeton – the carpet manufacturer from Devonport had been put into bankruptcy, but the company administrator says that it is not very late and the business can be sold to a suitable buyer.
A creditors meeting was organized in which the decision was taken to close down the company and sell off its properties.
The company owes around 80 companies a debt of $5 million but most of the companies are not likely to be paid back.
Though it is a great task to find a suitable buyer, who can buy the company and run it but it is not impossible, according to the administrator.
Fibre2fashion News Desk-India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
