Atul Auto Limited — Others, 13-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Atul Auto Limited has filed a winding-up petition against Echo Motors and Automobiles Private Limited at the National Company Law Tribunal in Guwahati to recover an operational debt. Echo Motors, previously an authorized dealer until 2019, owes Atul Auto ₹3.35 crore. The tribunal accepted the case on March 12, 2025, and it's currently in the admission stage. Should Atul Auto successfully recover the debt, it anticipates a financial benefit of approximately ₹1.05 crore beyond earlier loss provisions. This development could enhance investor sentiment positively as recovery prospects emerge, offering a potential boost to financial health.