SAMTEX : RECEIVES RS 437.57 CR DEMAND NOTICE FROM DRT-III

• Company named Certificate Debtor No. 9 in NARCL vs SSA International matter in RC/44/2026 • DRT-III held certificate debtors jointly and severally liable to pay NARCL ₹437.57 Cr plus 10% simple interest from 20.03.2018 and ₹1.5 L costs • SSA International is a wholly owned subsidiary; Samtex was corporate guarantor for its term loan and cash credit facilities • Demand notice directs payment within 15 days, asset particulars by affidavit and appearance before Recovery Officer on 04.12.2026 • Asset-dealing restrictions apply upon service; 29.10.2026 order did not attach any property or determine title

Samtex Fashions Ltd-$

Open attachment

← Back to feed