Legal1 April 2026 at 10:45 am
BPL Limited Directed by Debt Recovery Tribunal, Delhi to Repay Guaranteed Loan of Rs. 10 Crores
AI Summary
BPL Limited, a company based in Bengaluru, India, has been ordered by the Debt Recovery Tribunal, Delhi to repay a guaranteed loan of Rs. 10 crores availed by its subsidiary company, BPL Display Devices Limited (BDDL) in 2003. The order was passed on January 19, 2026, and a copy was received by BPL Limited on 19-03-2026. However, BPL Limited, which stood as a corporate guarantor for the loan, argues that the claim is time-barred and is exploring the option of filing an appeal before appropriate authorities for seeking suitable remedies.
Key Highlights
- BPL Limited has been ordered by the Debt Recovery Tribunal, Delhi to repay a guaranteed loan of Rs. 10 crores availed by its subsidiary company, BPL Display Devices Limited (BDDL) in 2003.
- The order was passed on January 19, 2026, and a copy was received by BPL Limited on 19-03-2026.
- BPL Limited stood as a corporate guarantor for the loan and argues that the claim is time-barred.
- The company is exploring the option of filing an appeal before appropriate authorities for seeking suitable remedies.
- The loan has been shown as a contingent liability in the balance sheets of the company over the years which were filed with stock exchanges.
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