Bankruptcy proceedings to begin against Warana Dairy
A cancelled 2011 contract for supplying flavoured milk to 1,500 schools in Mumbai and frequent drought in Maharashtra has brought a 53-year-old co-operative dairy, Warana Dairy and Agro Industries Ltd, to the brink of bankruptcy, according to the company’s filings in the National Company Law Tribunal (NCLT). Punjab National Bank (International) Ltd has taken Warana […]
