India: Shree Renuka Sugars’ Brazil units file for bankruptcy protection

India: Shree Renuka Sugars’ Brazil units file for bankruptcy protection

After the acceptance of bankruptcy request under the judicial recovery law, Renuka Brazil will be under the so-called judicial protection for a period of 180 days during which it has to present a plan to the court for approval with the creditors. Visual from Shree Renuka Sugars website.

Shree Renuka Sugars Ltd, one of the largest sugar producers in the world, on Tuesday said that its Brazilian units have filed for bankruptcy protection in the country.

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