NCLT Approves Associated Alcohols' SDF Industries Resolution Plan

NCLT Kochi approves resolution plan by Associated Alcohols & Breweries Ltd for SDF Industries Ltd under IBC, providing 110% recovery on admitted claims.
Plan includes Rs 30.85 crore payout covering full settlement of financial, operational creditors, employees, and statutory dues within 30 days.
Associated Alcohols to infuse Rs 12.5 crore for 100% equity acquisition and Rs 8 crore contingency fund for working capital and capex.
Resolution achieved with 100% CoC approval after 385-day CIRP with two extensions, extinguishing all pre-CIRP claims not part of plan.