Patspin India Receives SARFAESI Act Notice from Central Bank of India

Patspin India Ltd has received a notice under Section 13(4) of the SARFAESI Act, 2002, from its banker, Central Bank of India. This action is in response to a default in the repayment of a Working Capital Term Loan. The notice pertains to the possession of the company's assets and properties. The company has made this disclosure for transparency and compliance with SEBI regulations, assuring stakeholders that it is committed to protecting their interests and will provide further updates on material developments.