Tilaknagar Industries has completed the payment of the compromise amount in full and final settlement of its dues to Bank of India (BOI) as per the terms contained in the One Time Settlement sanction letter issued by BOI.
The company has also received the No Dues Certificate from BOI confirming that there are no dues pending against the company as the company has paid the full compromise amount as per the terms of the OTS approved by the Bank.
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.
