GTL Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
GTL Limited has disclosed that the National Company Law Tribunal (NCLT), Mumbai has dismissed a petition filed by Canara Bank as withdrawn, after Canara Bank filed a Memorandum seeking withdrawal of its own petition. The NCLT order was dated July 29, 2025, and was uploaded on the NCLT website on August 22, 2025. This filing is a continuation of the company's earlier disclosure dated July 2, 2025. The company has confirmed there are no financial implications, no penalties, restrictions, or sanctions imposed, and no further actions are required on its part.
This is a positive outcome for GTL Limited shareholders as the dismissal of Canara Bank's NCLT petition removes a potential legal overhang on the company. With no financial impact or penalties, the matter is now closed, reducing near-term uncertainty around the stock.