 "Branded basmati sales to touch 2.9 mt")
REI Agro, a firm that claims to have 22 per cent share in the world’s basmati rice market, has gone in for liquidation after the National Company Law Tribunal (NCLT) ordered it to do so.
The company, which sells Rain Drops basmati rice, said in a BSE filing that insolvency professional Anil Goel is the official liquidator of the company.
It said the board and key managers have lost their powers and all employees have been discharged of their duties. REI Agro’s insolvency case had been admitted by the Kolkata bench of the NCLT in March. The NCLT can order liquidation
