Empee Distilleries, one of the popular Indian made foreign spirits manufacturers in Tamil Nadu, was dragged to NCLT by Union Bank of India claiming dues of Rs 10.18 crore.The Chennai bench of National Company Law Tribunal (NCLT) has ordered commencement of the corporate insolvency resolution process against Empee Distilleries and appointed V Venkata Siva Kumar as interim resolution professional (IRP).
Empee Distilleries, one of the popular Indian made foreign spirits manufacturers in Tamil Nadu, was dragged to NCLT by Union Bank of India claiming dues of Rs 10.18 crore. The company had offered to settle the matter at NCLT and offered Rs 50 lakh, apart from the Rs 50 lakh paid on an earlier date, while undertaking to place a pro…
Read the full article at: https://www.financialexpress.com/industry/nclt-orders-insolvency-process-against-empee-distilleries/1376620/