https://www.taxtmi.com/news?id=61212 The Vaidyanath Cooperative Sugar Factory was seized by a bank, subjected to proceedings before the Debts Recovery Tribunal, and sold at auction to a private entity; the cooperative chairperson denies any authority to sell, stating she was not owner. Allegations claim the sale occurred without informing shareholders and member farmers, while the new owner executed the sale deed and has committed to operational and procurement promises. The chairperson attributes the factory's transfer to inadequate funding and earlier financial notices and GST raids. en-us Mon, 10 Nov 2025 22:46:03 +0530 Mon, 10 Nov 2025 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61212 The Vaidyanath Cooperative Sugar Factory was seized by a bank, subjected to proceedings before the Debts Recovery Tribunal, and sold at auction to a private entity; the cooperative chairperson denies any authority to sell, stating she was not owner. Allegations claim the sale occurred without informing shareholders and member farmers, while the new owner executed the sale deed and has committed to operational and procurement promises. The chairperson attributes the factory's transfer to inadequate funding and earlier financial notices and GST raids. News - Mon, 10 Nov 2025 22:46:03 +0530 https://www.taxtmi.com/news?id=61212