Tijaria Polypipes Limited has informed the Exchange about General Updates
TIJARIA · price
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Awaiting price reaction for this filing.
Tijaria Polypipes has informed the stock exchanges that Bank of India has filed a case against the company at the NCLT (Jaipur), registered as IA No. 491/JPR/2025. The matter is scheduled to be listed before the NCLT bench on 13th March 2026. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has not yet disclosed the nature or quantum of the claim, or whether this relates to loan defaults or recovery proceedings. No financial details, order, or direction from the tribunal has been provided in this filing.
This is a potentially negative development for shareholders as a bank-led NCLT case typically indicates a loan default or recovery action, which could escalate into insolvency proceedings. Investors should watch the 13th March 2026 hearing closely for further clarity on the claim amount and the company's response.