Precision Wires India Limited — Others, 09-06-2025: Copy of Newspaper Publication

Union Bank of India has filed a debt recovery case against VaniPriya Textile Pvt. Ltd. and others for Rs. 21.98 Cr of unpaid dues. The Debt Recovery Tribunal has issued summons, restricting the defendants from transferring certain secured assets without approval and requiring disclosure of additional assets. The defendants must respond or face the case moving forward without their input. This underscores the bank’s efforts to recover dues and could impact VaniPriya Textile’s stakeholders through enforcement on secured assets.