Legal18 Jul 2026, 07:20 pm
Vishvprabha Ventures Ltd Files Complaint with Banking Ombudsman Over NPA Classification
AI Summary
Vishvprabha Ventures Ltd has lodged a formal complaint with the Banking Ombudsman against Bank of Maharashtra regarding the classification of its Cash Credit account as a Non-Performing Asset (NPA). The company disputes the classification, stating that the bank has failed to provide a satisfactory explanation or reasons for continuing the NPA status despite requests for review and upgradation. The complaint, registered under number N202627013010244, seeks appropriate redressal. Vishvprabha Ventures is actively pursuing the matter to protect stakeholder interests and will keep the stock exchange informed of further developments.
Key Highlights
- Company disputes NPA classification of its Cash Credit account with Bank of Maharashtra.
- Bank of Maharashtra has not provided satisfactory explanation for NPA status.
- Vishvprabha Ventures has filed a complaint with the Banking Ombudsman.
- Company is committed to protecting stakeholder interests.
- Further material developments will be communicated to the stock exchange.
Price Impact
More from VISVEN