Legal27 Oct 2026, 10:25 am
Garware Offshore Settles ₹3.16 Cr Dues with Afcons Infra for ₹2.92 Cr
AI Summary
Garware Offshore Services Ltd has announced a settlement with Afcons Infrastructure Limited regarding a notice issued under the Insolvency and Bankruptcy Code, 2016. The company had initially claimed ₹3,04,59,761.44 plus interest, totaling ₹3,16,20,074.44. The settlement has been reached for an aggregate amount of ₹2,92,86,221.56 (Net of Tax), representing full and final settlement of the dues. This update follows a corporate announcement made on September 30, 2026.
Key Highlights
- Settlement reached with Afcons Infrastructure Limited.
- Original claim was ₹3.16 Crore, settlement amount is ₹2.92 Crore.
- The settlement is for full and final payment of dues.
- Notice was initially issued under the Insolvency and Bankruptcy Code, 2016.
Price Impact
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