
Default30 Jul 2026, 08:01 pm
Flexituff: UCO Bank takes symbolic possession of property under SARFAESI
AI Summary
Flexituff Ventures International Ltd. has had its commercial property in Uttarakhand taken into symbolic possession by UCO Bank. This action, under Section 13(4) of the SARFAESI Act, 2002, was taken on July 29, 2026, on behalf of a consortium of lenders. The move follows the company's failure to repay a debt amounting to ₹236,29,52,110.33. The public has been cautioned not to deal with the property, as it remains subject to the charge of UCO Bank. Flexituff Ventures International Limited will keep stock exchanges informed of any further developments.
Key Highlights
- UCO Bank took symbolic possession of Flexituff's property.
- Action under SARFAESI Act for ₹236.29 Cr debt.
- Property in Uttarakhand secured by consortium lenders.
- Company failed to repay debt to consortium.
- Public warned not to deal with the secured asset.
Price Impact
More from FLEXITUFF