An insolvency petition has been filed before the National Company Law Tribunal (NCLT), Bengaluru against United Breweries, alleging a payment default of ₹2.64 crore..The plea was moved by Balurghat Technologies, a listed logistics services provider, which claimed that UB failed to pay an outstanding principal amount of ₹1.62 crore. With interest and other charges, the total claimed default stands at ₹2.64 crore. The company stated that United Breweries had earlier acknowledged the dues and entered into settlement discussions, but the proposed settlement failed to materialise..On Tuesday, a coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada observed that while the outstanding amounts were available in other documents, the Tribunal needed to see a clause showing that interest was leviable on outstanding amounts. It also directed Balurghat to place the invoices on record.The Tribunal has listed the matter for further hearing in June, once all documentation is filed..Balurghat was represented Senior Advocate Sriranga Subbanna with Advocate Saket Bisani from Bisani Legal.
