Thiru Aarooran Sugars flies into insolvency resolution process – Times of India
Chennai: Integrated sugar maker Thiru Aarooran Sugars (TA Sugars) has knocked the doors of the National Company Law Tribunal (NCLT) to kick-start the process of corporate insolvency resolution plan after SBI moved the tribunal upon default of loans.The petition for resolution under the Bankruptcy Code was filed by SBI claiming dues of Rs 149.36 crore.…