Tilaknagar Industries has settled the dues of IDBI Bank under IDBI- Rinn Mukti Yojna 2019-20 Scheme. The company opted for One Time Settlement as the company's account has been classified as NPA by the Bank.
As per the OTS, the company has settled the dues to the bank by paying Rs 16.04 crore (OTS amount) towards full and final settlement of the total dues of Rs 44.13 crore payable to the bank as per company's records.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. The company has a leading market position in the southern and western parts of India.
