Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch Industries

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The National Company Law Tribunal has approved Grainotch Industries’ takeover of KGS Sugar Infra Corporation. KGS Sugar faced insolvency with liabilities of Rs 556 crore. Grainotch’s plan includes a Rs 242 crore revival package. This acquisition signals growing investor interest in distressed manufacturing assets in India. The plan aims to settle dues and restart operations.

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Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch Industries

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