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Samtex Fashions disclosed a DRT-III demand notice and recovery certificate making it jointly liable for ₹437.57 Crore owed to NARCL via its wholly owned subsidiary SSA International. The company is evaluating the impact and legal remedies.
Samtex Fashions reported an adverse development in its Debt Recovery Tribunal litigation, with the tribunal ruling in favor of NARCL and dismissing the subsidiary's counterclaim.
Samtex Fashions reported the dismissal of its appeal regarding income tax disallowances for AY 2000-2001 and 2001-2002. This update concerns an ongoing tax dispute.
Samtex Fashions Ltd reports that the Supreme Court dismissed its appeal regarding Income Tax disallowances for AY 2000-2001 and 2001-2002, involving Rs. 1.07 Crore.