Loan & Debt10 Nov 2026, 01:07 pm
Kesoram Industries Wins ₹5,989 Lakhs Arbitral Award
AI Summary
Kesoram Industries Ltd has received an Arbitral Award dated November 9, 2026, from Sole Arbitrator Mr. Santanu Jha, in arbitration proceedings against Kesoram Textile Mills Limited. The award pertains to an outstanding loan advanced by Kesoram Industries, originally ₹955.00 Lakhs. The Arbitral Award determines the amount receivable from Kesoram Textile Mills Limited to be ₹5,989.35 Lakhs, comprising the principal of ₹955 Lakhs and accrued interest of ₹5,034.35 Lakhs. Kesoram Industries plans to take necessary steps for enforcement and recovery of the awarded amount.
Key Highlights
- Received Arbitral Award for outstanding loan recovery.
- Award amount determined at ₹5,989.35 Lakhs.
- Includes principal of ₹955 Lakhs and interest of ₹5,034.35 Lakhs.
- Company will proceed with enforcement and recovery steps.
Price Impact
More from KESORAMIND