Legal14 Jan 2026, 09:42 pm
Pasari Spinning Mills Ltd. Receives Proclamation of Sale from Commercial Court, Mysuru
AI Summary
Pasari Spinning Mills Ltd. has received an intimation about the Proclamation of Sale issued by the Commercial Court, Mysuru, under Order XXI Rule 66 of the Code of Civil Procedure, 1908. The execution proceedings arise out of a matter titled The Cotton Corporation of India Ltd. vs. Pasari Spinning Mills Ltd. & its Managing Director for recovery of alleged dues. The Company is examining the order and will take appropriate legal steps as advised. The financial impact, if any, is under assessment.
Key Highlights
- Pasari Spinning Mills Ltd. received a Proclamation of Sale from the Commercial Court, Mysuru.
- The Proclamation of Sale is in relation to a matter titled The Cotton Corporation of India Ltd. vs. Pasari Spinning Mills Ltd. & its Managing Director.
- The execution proceedings are for the recovery of alleged dues.
- The Company is examining the order and will take appropriate legal steps as advised.
- The financial impact, if any, is under assessment.
Price Impact
More from PASARI