Electrosteel Castings disputes possession of its land by ARC
Capital MarketElectrosteel Castings has received a Notice dated 19 June 2019
issued by UV Asset Reconstruction Co. for taking the symbolic possession of
land situated at Elavur under Section 13(4) of the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rule 8
and 9 of the Security Interest (Enforcement) Rules, 2002.
The Company has disputed their action and is contemplating further legal actions in
this regard.
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