Empee Distilleries receives four resolution plans; CoC to decide, says RP

NCLT had started the insolvency process after a petition was filed by the Union Bank of India

Four companies have shown interest in reviving Empee Distilleries, which is currently under Corporate Insolvency Resolution Process (CIRP) for not paying over Rs 300 crore dues to financial creditors.

The Resolution Professional (RP) for the company, S Rajendran, in a regulatory filing, said the company has received resolution plans from four applicants and the applications have been submitted to the Committee of Creditors (CoC) for their consideration and approval. The decision of the CoC is awaited, said the RP.

The RP had called for expression of interest on May 27, and the last date of submission of resolution plans was