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- Previous story Unlike cooperative sugar mills, private establishments profit by ‘drowning cane growers in debt’, says HC Justice C.V. Karthikeyan imposes costs of ₹1 lakh on East India Distilleries-Parry (India) Limited for having failed to find an amicable solution to allocation of farm lands in Cuddalore February 21, 2023 09:40 pm | Updated 09:40 pm IST – CHENNAI MOHAMED IMRANULLAH S. COMMENTSSHAREREAD LATER The judge said EID Parry could have entered into a discussion with MRK Cooperative Sugar Mills and the farmers in order to take back the “investments” that it had already made. The judge said EID Parry could have entered into a discussion with MRK Cooperative Sugar Mills and the farmers in order to take back the “investments” that it had already made. In a judgement that has come as a shot in the arm for the cooperative movement, the Madras High Court has observed that private sugar factories profit by “drowning cane growers in debt” whereas the cooperative sugar factories prevent exploitation, provide return on share capital and do much more. Justice C.V. Karthikeyan made the observation while imposing costs of ₹1 lakh on East India Distilleries-Parry (India) Limited for having being hostile instead of finding an amicable solution to re-allocation of 18 villages at Kammapuram Firka in Cuddalore district from it to MRK Cooperative Sugar Mills in
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