Haryana Chief Minister Sh. Nayab Singh Saini, while replying on Tuesday to the discussion on the Budget 2026–27 in the Haryana Assembly, said that the issue raised by the opposition regarding Haryana Telecom Limited pertains to an industrial unit pending for nearly three decades along with its associated financial liabilities.
He stated that the government has given top priority to transparency, due legal process, and safeguarding the interests of the state in the entire matter. The present state government has neither compromised on rules at any level nor ignored the interests of the state.
This nearly three-decade-old dispute has been resolved through due legal process, and the amount pending since 2000 has been deposited into the state exchequer in the interest of the state. Sh. Nayab Singh Saini informed the House that during 1994 and 1995, M/s Haryana Telecom Limited, based in Rohtak, was granted an interest-free loan of Rs. 18.68 crore by the State Industries Department.
This loan was to be repaid by the industrial unit after a period of five years. However, the company repaid only Rs. 39 lakh, and the remaining amount of Rs. 18.29 crore was due in the year 2000. In June 1999, the company was declared bankrupt and thereafter did not repay even a single rupee to the government.
He said that another financial liability was also linked to this case. M/s Parivartan Investment and Finance Company had to recover Rs. 7.92 crore from M/s Haryana Telecom Limited. In 1998, M/s Haryana Telecom Limited had executed a mortgage deed of its 136 kanal 8 marla land with the Industries Department, Haryana.
Under this mortgage, the first charge was with M/s Parivartan Investment and Finance Company, while the second charge was with the Industries Department, Haryana. He further stated that the private company had mortgaged its land, and the government had provided an interest-free loan of Rs. 18.68 crore, out of which only Rs. 39 lakh was repaid within five years. In 1994, the Congress government was in power.
To recover its dues of Rs. 7.92 crore, M/s Parivartan Investment and Finance Company approached the National Company Law Tribunal (NCLT), Chandigarh Bench, in February 2020. During the COVID period, the NCLT Chandigarh Bench invited bids from resolution applicants. In April 2023, the highest bid of Rs. 25.14 crore submitted by Sh. Abhimanyu Mehlawat was approved by the NCLT Chandigarh Bench.
He informed that the Industries Department, Haryana had also filed a claim of approximately Rs. 77.00 crore before the NCLT, which included Rs. 18.29 crore as principal and Rs. 58.71 crore as penal interest. He said that in its order passed in April 2023, the NCLT Chandigarh Bench did not recognize the Industries Department, Haryana as a financial creditor.
Consequently, the penal interest claimed by the department was not accepted. As a result, out of the approved bid amount of Rs. 25.14 crore, an amount of Rs. 18.56 crore was approved for the Industries Department, Haryana.
Sh. Nayab Singh Saini said that the state government had filed an appeal against this order in the Supreme Court, which was dismissed in April 2025. He remarked that beyond this, there was little more the present government could do in dealing with a problem created during the Congress regime.
Thereafter, respecting the legal process, further action was taken. He added that in September 2025, legal opinion was obtained from the Advocate General, Haryana, which advised that the department should accept the demand draft amount of Rs. 18.56 crore and issue a No Objection Certificate in favour of the successful bidder.
Based on this legal advice, and after obtaining approval from the Finance Department, Haryana and the State Government, the amount of Rs. 18.56 crore was deposited into the state exchequer. Thus, the long-pending matter was resolved. Subsequently, in November 2025, a No Dues Certificate was also issued in favour of the successful bidder to formally conclude the case.
The Chief Minister said that this entire case clearly demonstrates that the present state government has neither compromised on rules nor ignored the interests of the state at any level. This nearly three-decade-old dispute has been resolved through due legal process, and the amount pending since 2000 has been deposited into the state exchequer in the interest of the state.