Ballarpur Industries Limited — Others, 08-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
08-08-2025 | 07:19 pm
08-08-2025 | 07:19 pm
Ballarpur Industries has received a court summons from the Chief Judicial Magistrate, Rouse Avenue District Courts, New Delhi, regarding a case filed by the Central Bureau of Investigation (CBI). The company assures stakeholders there will be no financial impact from this matter. This is because the case relates to a period before the company's Corporate Insolvency Resolution Process (CIRP). Following the approval of Ballarpur's resolution plan in January 2023, the company's liability for pre-CIRP offenses ceases, as per insolvency law. This update clarifies the legal notice with no expected financial implications for the company.
No comments yet. Be the first to comment!
