Legal17 Jul 2026, 04:23 pm
Keerthi Industries Receives ₹4.31 Cr Demand Notice Under IBC
AI Summary
Keerthi Industries Ltd has received a Demand Notice (Form 3) under the Insolvency and Bankruptcy Code, 2016, from its coal supplier, J P Associates. The notice demands payment of ₹4,31,09,759/- (₹3,33,91,437/- principal and ₹97,18,322/- interest) for unpaid operational debt. The company is reviewing the notice with legal counsel and evaluating the claims. Keerthi Industries expects to resolve the matter amicably within statutory timelines and anticipates no material impact on its operations or financial position.
Key Highlights
- Received ₹4.31 Cr demand notice under IBC from coal supplier.
- Notice relates to unpaid operational debt for coal supply.
- Company is reviewing with legal counsel and evaluating claims.
- Expects amicable resolution with no material impact on operations.
Price Impact
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