Maiyas Beverages & Foods

Akashika Foods was represented by its director KR Raghupathi Bhat.

The other three contenders to put their hat in the ring are Peepul Capital, Sadananda Maiya and Akashika Foods, a consortium of Maiyas' vendors.

The law tribunal has directed potential investors to submit a plan for resurrecting the company.

Today, the group is focusing on packaged food division, and is targeting revenue of Rs 150 crore by the end of 2016.