Global liquor companies chase Indian state dues of $400m (opens original article in a new tab)

Global liquor companies accuse the Indian state of Telangana of breaching accounting rules over $400m in unpaid dues, citing risks of bad debts and financial burdens.

• Indian liquor companies accuse Telangana state of breaching accounting rules over $400m in unpaid dues.
• The state's payment system requires liquor firms to sell through state-run depots, leading to delayed payments and financial risks.
• Industry groups warn that unpaid debts could become bad debts, creating financial burdens and non-compliance with accounting standards.