Navigation Links
Parke-Davis (India) runs into rough weather – Court orders attachment of asset

The global merger between Warner-Lambert and Pfizer on the Indian front has run into rough weather due to the legal problems faced by Warner-Lambert’s subsidiary Parke-Davis (India). A local court in Hyderabad has ordered the attachment of its assets located in the city.

The vacation court of the Ranga Reddy district civil courts has ordered attachment of plant and machinery of Parke-Davis (India) following a petition filed by former employees. The management of the company have also approached the same court and pleaded for grant of stay order on the attachment proceedings. The case will come up for hearing on May 29th.

The bone of contention between the employees and the managements is the voluntary retirement scheme. The former employees allege that the management forced them to accept VRS without granting them sufficient time to think on it.

The vacation court has directed the management of Parke-Davis to furnish solvent security against the claim of damages and asked the bailiff to go ahead with the attachment of properties if the company fails to furnish security.
'"/>




Page: 1

Related medicine news :

1. Sperm washing helps couples – Breakthrough in focu
2. ZD1839 Proves Effective - A Breakthrough in fighting Lung Cancer
3. Altering genes through calories
4. Glenmark’s new molecule to go through trial
5. Gel pares inflammatory activity throughout body
6. Breakthrough in eye treatment
7. Patients with testicular cancer dying through unfamiliarity
8. Approaching through Telemedicine benefits patients
9. Heart failure protection through gene therapy
10. COPD patients can benefit through intense training
11. Genetic Breakthrough in Common Eye Problem
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:1/10/2020)... ... 2020 , ... Sigma Theta Tau International Honor Society of Nursing (Sigma) was ... awards are regarded as one of the most important and prestigious designations of excellence ... Year competition has recognized Sigma for the last 11 consecutive years. , The following ...
(Date:1/10/2020)... , ... January 10, 2020 , ... ... has announced that it will be attending the HIMSS (Healthcare Information and Management ... , HIMSS is the can’t-miss health information and technology event of the year, ...
(Date:1/8/2020)... ... 08, 2020 , ... Mirror Mirror Beauty Boutique ... of Memorial Readers’ Choice Awards. Located adjacent to Vitenas Cosmetic Surgery, the ... Memorial reflects Mirror Mirror Beauty Boutique’s commitment to the hottest noninvasive trends that ...
(Date:1/7/2020)... ... January 07, 2020 , ... ... and services, today identified six trends that will significantly impact the point of ... “Arguably, the time shared between a provider and patient is the most important ...
(Date:1/7/2020)... Pa. (PRWEB) , ... January 07, 2020 , ... Iconic ... musical talent and being one of the most successful female artists of all time, ... started her first Las Vegas residency and shared in interviews her secrets to making ...
Breaking Medicine News(10 mins):
(Date:1/3/2020)... ... 03, 2020 , ... In Partnership with the Smiles for Everyone Foundation ... at its Burleson, TX office on February 8th. , Dental services provided include same-day ... and extractions . For more information, please visit the Monarch Dental website ...
(Date:1/3/2020)... ... 03, 2020 , ... American actor, Laurence Fishburne, is well-known for his performances ... most know him for the movies he takes part in, he is also the ... explores a vast range of topics to educate its viewers about many issues taking ...
(Date:12/31/2019)... ... December 31, 2019 , ... ... to its Scientific Advisory Board. NanoFUSE Biologics offers a biologically enhanced synthetic therapeutic, ... medical device. , President of NanoFUSE Biologics, Jake Lubinski, said, “We’re fortunate to ...
Breaking Medicine Technology: