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Blade maker Supermax goes into bankruptcy

Economic Times  

The National Company Law Tribunal (NCLT) has admitted Mumbai-based men's grooming and personal care firm Supermax Personal Care under the insolvency resolution process and appointed Kshitiz Gupta as the interim resolution professional of the company.Supermax Personal Care is a part of Super-Max Group. It is largely into products such as razors, blades and shaving creams, which it supplies to the market in India and other affiliates of Supermax Group abroad. NCLT was approached in September last year after Supermax Personal Care defaulted on its dues of INR 1.97 crore.