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Present Status

As none of the PSUs under this Ministry as well as OFB under Ministry of Defence have come forward to take over HVOC/BFFU along with its employees and on the direction of Hon’ble High Court of Delhi for taking a final decision on HVOC/BFFU. This Ministry has submitted the Hon’ble Court the proposals

  • To offer Voluntary Separation Scheme (VSS) to the existing employees by giving all entitled benefits under the existing scheme of the Government
  • In case the employees do not opt for VSS they may be retrenched under ID (Act)
  • The landed assets of HVOC which are available in various cities will be disposed/utilized as per laid down procedure after obtaining the approval of Government and
  • The moveable properties of BFFU are to be included under the present liquidation proceedings as part of the winding up exercise of HVOC.

The Government has given approval to HVOC for grant of Modified VSS to the existing employees of BFFU/HVOC vide letter dated 27.10.2014. The employees have to exercise option within 90 days w.e.f. 28-10-2014. Thus, the last date for exercising option was 27-1-2015. However, meanwhile some employees have filled a case in Hon’ble High Court of Delhi requesting the Hon’ble Court to give pay scale of 2007. The case came up for hearing on 8-1-2015 & 29.4.2015. After hearing both parties, the Hon’ble Court extended the last date for exercising of option for VSS till the next hearing i.e. 29.5.2015. In the mean time four employees have exercised option for VSS.

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