UP sugar mills get respite on cane arrears

Sugar mills in Uttar Pradesh have been granted a major reprieve, with the Allahabad High Court permitting them to discharge 25 per cent of their outstanding cane arrears within 5-6 weeks time.

A two-member bench, comprising Mr Justice Amitava Lala and Mr Justice V.C. Mishra, on October 30 permitted Triveni Engineering , DCM Shriram Industries (Daurala unit), Simbhaoli Sugars , Mawana Sugars , Daya Sugar and Tikaula Sugar Mills to clear 25 per cent cane arrears within six weeks.

Mills belonging to the KK Birla Group, Balrampur Chini , Dalmia Cement Bharat and Seksaria Biswan Sugar Factory were similarly given a five-week period for discharging 25 per cent of their arrears by a separate Lucknow bench under Mr Justice A.N. Varma and Mr Justice S.N. Shukla on October 29. Bajaj Hindusthan Ltd , too, had obtained a separate stay against recovery proceedings on making a lump-sum payment of Rs 20 crore.

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