Western Paques offices sealed

While the liquidator will assess the liabilities and assets of the company, market sources indicated that liabilities could amount to around Rs 200 crore and the assets were likely to be negligible.

It may be recalled that WPL promoter, Nandan Gadgil, was hauled up by Dubai courts early this year and was believed to be under house arrest. His family here has apparently not heard from him for the past couple of months, so there is no information regarding his whereabouts. There were also no company officials left in Pune, as most of them have left. While WPL8217;s registered office was in Pune, financial control appears to have been exercised from Delhi. Informed sources said the accounts of the company upto March 1996 were ready and even these were prepared in Delhi.