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:4/25/2017)... , ... April 25, 2017 , ... ... they rely on contracted partners to help with process innovation in drug formulation ... drug formulation experience along with state-of-the-art analytical equipment in support of their development ...
(Date:4/25/2017)... ... , ... Buyers and sellers in the thriving multi-billion dollar cannabis marketplace – ... but be heartened by the industry’s current surge. But another thing that unifies them ... At last they can simply, safely and effectively end their aroma anguish thanks ...
(Date:4/25/2017)... ... 25, 2017 , ... Emergency Physician and Distinguished Professor of Emergency Medicine Bentley ... in Writing, set to publish in summer 2017. , Dr. Bobrow, MD, FACEP, ... Arizona College of Medicine. He also serves as Medical Director for the Bureau of ...
(Date:4/25/2017)... , ... April 25, 2017 , ... ... solutions, announces the continuation of its strategic partnership with and platinum sponsorship of ... nations in the safe and effective management of complex spine deformity cases, particularly ...
(Date:4/24/2017)... ... , ... Michael Vick announced his retirement earlier this year from the NFL ... one pick in the 2001 NFL Draft, to the Atlanta Falcons, made four Pro ... career rushing yards by a quarterback (6,109) and the most rushing yards by a ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... PARIS , April 20, 2017 ... EyeCET platform, the first non-viral gene expression technology that ... in the eye to address a wide range of ... UK Medicines and Healthcare products Regulatory Agency (MHRA) to ... ...
(Date:4/19/2017)... -- Cardiology devices segment is anticipated to reach the highest ... Devices segment is likely to create absolute $ opportunity of ... 2017. By the end of 2027, Cardiology Devices segment is ... Mn, expanding at a CAGR of 18.4% over the forecast ... Pacific reprocessed medical devices market in terms of ...
(Date:4/19/2017)... 2017 Global Prostate Cancer Therapeutics Market: ... prostate cancer therapeutics market analyzes the current and ... of prostate cancer, launch of promising emerging therapies, ... new drugs & therapeutic biological products, and high ... lesser side effects are some of the drivers ...
Breaking Medicine Technology: