The National Company Law Tribunal, Kochi Bench, has approved Associated Alcohols & Breweries‘ resolution plan for SDF Industries Limited, clearing the way for the company to take over the Kerala-based liquor manufacturer.
In an exchange filing, the company said the approval was granted through an order dated April 16, 2026, in the corporate insolvency resolution process (CIRP) of SDF Industries.
The resolution plan was approved under the Insolvency and Bankruptcy Code, following the submission of a plan by Associated Alcohols & Breweries.
The Indore-based liquor maker had earlier informed stock exchanges that it was planning to participate in SDF Industries’ resolution process to expand its Indian-made foreign liquor (IMFL) bottling capacity.
“The Company is planning to participate in the resolution process of SDF Industries Limited, located in Kerala, with the objective of expanding its IMFL (Indian Made Foreign Liquor) bottling capacity,” the Company said in its November filing.
It had submitted an application to the resolution professional and subsequently received permission to submit a resolution plan.
The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016, after Mudali Associates approached the NCLT in respect of a default of ₹4,55,91,108.46 (Rupees Four Crore Fifty-Five Lakh Ninety-One Thousand One Hundred Eight and Forty-Six Paise), along with interest at 18% per annum amounting to ₹7,49,97,373.41 (Rupees Seven Crore Forty-Nine Lakh Ninety-Seven Thousand Three Hundred Seventy-Three and Forty-One Paise Only).
