Kallam Textiles Limited has received Show Cause notices by post dated 03-12-2025 from High Court of Andhra Pradesh pertaining to a case filed by the Indian Bank. Indian Bank has filed a case to recover loan dues of Rs. 141,93,49,603/- with interest from the date of NPA.
Kallam Textiles Limited is one of the largest producers of spun yarn for the knitting and weaving industries in the Andhra Pradesh. Headquartered in Guntur, Kallam Textiles Ltd. was founded in 1994 by a group of managing partners with a desire to build a high quality yarn manufacturing company.
| Particulars | Disclosure |
|---|---|
| Name of the authority | High Court of Andhra Pradesh |
| Nature and details of the action(s) taken, initiated or order(s) passed | Show Cause Notice pertaining to CRP/2795/2025 filed by Indian Bank |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | Show Cause Notice received by post dated 03-12-2025 |
| Details of the violation(s) / contravention(s) committed or alleged to be committed | The High Court of Andhra Pradesh issued Show Cause Notice pertaining to CRP/2795/2025 filed by Indian Bank against the Debts Recovery Tribunal Visakhapatnam OA/914/2024. Brief details are enclosed in notice |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Indian Bank filed against for recovery of debts ₹141,93,49,603/- |
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