Legal4 Nov 2026, 10:41 am
Oceanic Foods Initiates Legal Action for ₹72.64 Lacs Receivables
AI Summary
Oceanic Foods Ltd has initiated two separate legal proceedings against Cremica Food Industries Limited for outstanding receivables totaling ₹72,64,563/-. The company is pursuing recovery of ₹71,52,643/- in one suit and ₹1,11,920/- in another due to Cremica Food Industries Limited's failure to meet its payment obligations. The matters have been referred for mediation for 15 days. Formal civil suits are yet to be registered. The company will update the stock exchange on material developments.
Key Highlights
- Oceanic Foods pursuing ₹72.64 Lacs in outstanding receivables.
- Legal recovery proceedings initiated against Cremica Food Industries.
- Matters currently under mediation for 15 days.
- Company to update on suit registration and further developments.
Price Impact
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