Fraud-hit sugar maker faces the crusher as company ordered for liquidation
Fraud-hit sugar maker faces the crusher as company ordered for liquidation
By
13 April, 2021
Tamil Nadus fraud-hit Thiru Arooran Sugars Ltd is headed for liquidation after lenders failed to receive any viable revival plan for the company.
The National Company Law Tribunal (NCLT) ordered the liquidation and appointed Ramakrishnan Sadasivan to carry out the process.
In June 2019, the NCLT admitted Thiru Arooran Sugars on a case by State Bank of India (SBI)…
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