Legal31 Mar 2026, 09:01 pm
Rolex Rings Ltd Settles Rs.101 Crores Right of Recompense
AI Summary
Rolex Rings Ltd has successfully settled its Right of Recompense (RoR) obligations towards consortium lenders, amounting to Rs.101 Crores. This settlement was approved and released by Union Bank of India, the lead bank of the consortium, and other member banks. The amount was recovered/ debited from the company account by the end of 31st March, 2026.
Key Highlights
- Rolex Rings Ltd settles Rs.101 Crores Right of Recompense
- Settlement approved and released by Union Bank of India and other member banks
- Settlement amount recovered/ debited from company account by 31st March, 2026