Competent Automobiles Company Ltd — Updates, 24-05-2025: Company Update

Competent Automobiles Company Limited has announced a board meeting to consider the financial results for the quarter and half-year. Jammu and Kashmir Bank has initiated a postal ballot process for appointing an independent director and other resolutions, with e-voting open until June. Home First Finance Company India Limited and HDFC Bank have taken possession of specific immovable properties due to non-payment of dues and announced e-auctions to recover outstanding amounts. DCB Bank plans an online auction of pledged jewellery after borrowers failed to clear dues. Multiple summons under MSMED and Debt Recovery Tribunal cases have been issued to defaulting borrowers, impacting recovery efforts.