Intimates of winding up petitions filed against Usher Agro
Usher Agro announced that the Company had received notices for winding up petition file against Company by- CFSIT Inc. USA for recovery of their outstanding dues of Rs. 6548.14 lakhs ($ 10 Million) with interest @12% p.a. as per advance payment & supply contract.
- PT Bank Maybank Indonesia Tbk, Mumbai for recovery of their outstanding dues of Rs. 1778.18 lakhs with interest @16.4%. p.a.
The above petitions are merely file, but not admitted. Further the Company will take suitable legal action in consultation with its legal counsels.
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