SVA India Ltd — Updates, 09-05-2025: Company Update

SVA India Limited’s joint venture entity, Aussee Oats India Limited, faced a Corporate Insolvency Resolution Process petition filed by Future Consumer Limited for non-payment of an ICD loan of Rs. 2 crore (with Rs. 1.35 crore repaid). The NCLT dismissed the petition after finding that Aussee Oats had adjusted the outstanding Rs. 65 lakh principal against receivables from Future Consumer, as reflected in Aussee’s audited financials signed by the Financial Creditor’s director. The tribunal concluded no recoverable debt existed for insolvency proceedings and noted ongoing litigation and business disputes between the joint venture partners.