Sun Petrochemicals Private Limited has bid for the assets of Assam Company India Limited (BSE:500024) (ACIL), two people aware of the development said. In October 2017, the Guwahati bench of the National Company Law Tribunal (NCLT) had ordered commencing insolvency resolution of ACIL. “The bid is a package deal which includes a tea garden, the Amguri oil field and a hydrocarbon and SEZ asset held by ACIL,” said one of the people mentioned above. Sun Petrochemicals declined comment, while ACIL did not reply to an email sent on August 14, 2018.