Business Update4 May 2026, 04:04 pm
SBEC Sugar Receives Balance from Modi Industries OTS
AI Summary
SBEC Sugar Ltd. has received the balance amount from Modi Industries Limited under the One Time Settlement (OTS) agreement dated February 03, 2026. This settlement pertains to dues of ₹141,77,38,548 recoverable from Modi Industries against assignment of debt. With this payment, SBEC Sugar confirms that there are no outstanding dues from Modi Industries.
Key Highlights
- SBEC Sugar receives balance amount under OTS agreement with Modi Industries.
- Settlement relates to dues of ₹141.77 Crore recoverable from Modi Industries.
- The payment includes interest for full and final settlement.
- SBEC Sugar confirms no further dues outstanding from Modi Industries.
Price Impact
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