ALPHA TRIBE

Ballarpur Industries LimitedOthers, 11-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

11-08-2025 | 05:38 pm

Ballarpur Industries received a summons from the CBI for case CBI/23/2025, requiring it to appear before the Chief Judicial Magistrate, New Delhi. This relates to sections of the Indian Penal Code. The company anticipates no financial implications, as the matter predates its Corporate Insolvency Resolution Process (CIRP). Its resolution plan was approved, which, under insolvency law, extinguishes liabilities for prior offenses. The company clarified a delay in its initial disclosure, noting a director received the summons before it was promptly brought to the company's attention.

No comments yet. Be the first to comment!

All announcements from Ballarpur Industries Limited