Announced Wed, 1 Apr · 16:02 IST
DRT orders BPL to honor Rs 10 cr guarantee for defunct subsidiary
BPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹44.21
prior close
₹44.41
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.4-2.6-2.2-1.3+2.1+2.2+7.4+8.8+14.1+20.3+28.9+26.7+20.8+27.1
Up moveDown movePending
AI summary
Debt Recovery Tribunal (DRT), Delhi has allowed ARCIL to invoke a corporate guarantee and recover dues from BPL Limited. BPL stood guarantor for a Rs 10 crore loan taken by its subsidiary BPL Display Devices Ltd in 2003. The subsidiary has been in liquidation since October 2008. BPL says the claim is time-barred and is planning to appeal. The guarantee was shown as a contingent liability in past balance sheets.
Likely market impact
Potential Rs 10 cr liability if appeal fails; negative near-term overhang on the stock despite management's confidence in contesting.