Indage Vintners threatened with bankruptcy

View of the Château de Saumur.

Yesterday decanter.com carried a story by Richard Woodward about the possible bankruptcy of Indage Vintners. 

'Indage Vintners under threat of bankruptcy

March 24, 2010

Indage Vintners, India's best-known wine producer, is fighting for its life after being issued with a winding-up order in Bombay's High Court.

The company, formerly known as Champagne Indage, has total debts of about INR4bn (£59m), according to the court, and assets of only INR2.76bn.'

Read the rest here.

26th March: Please note that I confused the ownership of Bouvet-Ladubay yesterday. Bouvet is owned by United Breweries not by Indage Vintners, so therefore is certainly not affected by the problems of Indage. My apologies for the confusion.