StockWatch
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Paper & Paper Products
Loan & Debt10 Jul 2026, 06:10 pm

Tahmar Enterprises Receives ₹2440.07 Lacs Demand Notice

AI Summary

Tahmar Enterprises Ltd has received a demand notice dated July 1, 2026, from Kolhapur District Central Co-operative Bank Limited (KDCC Bank) under the SARFAESI Act. The notice demands payment of ₹2440.07 Lacs within sixty days, related to a mortgage deed dated October 17, 2024. The company disputes the demand, asserting it's not in line with the framework for MSME revival and rehabilitation. No enforcement measures under Section 13(4) of the SARFAESI Act have been initiated. Tahmar Enterprises is pursuing legal remedies and will update the exchange on material developments.

Key Highlights

  • Received demand notice for ₹2440.07 Lacs under SARFAESI Act.
  • Company disputes the demand, citing MSME revival framework.
  • No enforcement action initiated yet.
  • Legal remedies are being pursued.