Legal Storm Brews: Kallam Textiles Faces Potential Insolvency Proceedings
Kallam Textiles Limited has announced a critical legal development that could significantly impact its future. The company has informed the Bombay Stock Exchange (BSE) that it received intimation from the National Company Law Tribunal (NCLT), Amravati Bench, regarding an application filed by Union Bank of India.
The Event: NCLT Filing by Union Bank
The application, registered under Case No: C.P. (IB)/3(AM)2026, has been listed for hearing on February 11, 2026. This filing by a major financial institution like Union Bank of India carries substantial weight, as it has the potential to initiate formal insolvency proceedings or a Corporate Insolvency…