Aarti Drugs Limited — Others, 05-02-2025: Action(s) taken or orders passed

Aarti Drugs Limited has received an order to restore its provisionally attached bank accounts with Union Bank of India and State Bank of India, following a representation made regarding a tax ascertainment of ₹13.36 crore. The previous order had directed the banks to freeze these accounts due to alleged tax violations. With the unfreezing, the company's access to funds is restored, which should alleviate operational disruptions. This development may bolster investor sentiment with a positive outlook, as it mitigates financial strain, allowing for continued business operations without hindrance.