Legal9 Jun 2026, 03:41 pm
Syschem India Recovers ₹55.57 Lakhs in Fraudulent Fund Transfer Case
AI Summary
Syschem India Ltd has received a recovery order from the Judicial Magistrate, Chandigarh, directing the recovery of ₹55,57,630.61 from accounts involved in a fraudulent fund transfer. This follows an earlier disclosure made on April 15, 2026, regarding the fraudulent transfer of funds. The company is actively pursuing the implementation of this order to recover the misappropriated amount. Further material updates will be disclosed as per SEBI regulations.
Key Highlights
- Recovery order issued for ₹55.57 Lakhs in fraudulent fund transfer case.
- Order passed by Judicial Magistrate, Chandigarh, dated June 6, 2026.
- Company is taking steps for implementation and recovery.
- Follows earlier disclosure of fraudulent fund transfer on April 15, 2026.
Price Impact
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