Tijaria Polypipes Ltd Proposes One-Time Settlement to Bank of India

Tijaria Polypipes Ltd, a National Award-winning MSME group, has proposed a One-Time Settlement (OTS) to Bank of India. The proposal comes in line with the Hon'ble Rajasthan High Court's directions and the RBI's 2023 Framework. The company has repaid a total of Rs.101.54 Crore till date and is seeking a waiver of the Funded Interest Term Loans (FITL) component, which represents 'interest-on-interest' capitalized during a period of total operational shutdown. The company has already placed Rs.12.00 Crore in the hands of the Bank and is looking for an Honorable exit rather than litigation. An investor is willing to infuse funds into the company if the OTS offer is accepted on or before 15th April 2026.