Lactalis interested in Acquiring Kwality dairy by wooing the creditors
Talks between Lactalis and Kwality Dairy’s creditors have gathered steam over the past few weeks and could result in the former making a formal proposal for Kwality Dairy in the next 8-10 days, according to sources. NCLT passes order to liquidate dairy firm Kwality Dairies Lactalis looking forward to acquisition of dairy business in North […]
NCLT passes order to liquidate dairy firm Kwality Dairies
The National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate insolvency proceedings against Kwality Ltd on December 11, 2018 over the plea filed by the financial creditors Punjab National Bank and KKR […]
