'There could be no end to any auction deal if new players are admitted. If another party comes in committing an even larger amount, will that too be considered?' asked the union's President, Mr Lachhi Singh. While the workers are petitioning the Labour Ministry to intervene in the matter and have placed their case before the President and the Prime Minister in the past, they say that they would be forced to take the agitation route if the plant's revival is stymied once again.
Daewoo Motors India Ltd went into liquidation in 2003, and most of its workers have remained out of work ever since. To recover its assets, the DRT, Mumbai, first conducted auctions the same year but failed to receive a response.
General Motors, which at one time considered buying the plant, too opted out.
After the banks and Customs, both of whom benefit from the proceeds, worked out a sharing formula, the fourth auction brought in Crosslinks in December 2006.
