Old Monk Sales Ban In Maharashtra: Company Claims ₹500 Crore Loss, State Govt Loses ₹350 Crore In Excise Revenue
Mumbai: Mohan Rocky Springwater Pvt Ltd, the manufacturer of popular rum brand Old Monk, has told the Bombay High Court that restrictions on sales from one of its units in Maharashtra have caused losses exceeding Rs 500 crore to the company and cost the state government around Rs 350 crore in excise revenue. The submission was made on Monday as the company challenged a prohibition order issued by…
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