Widely read:
Murli Industries Ltd has informed BSE that the Bank of Baroda (lead bank of the Consortium) has taken symbolic possession of Plants of the Company i.e. Solvent Extraction, Paper and Cement Plants situated at different places as per the provision of section 13(4) of the SARFAESI Act, 2002.
Further, the Company has informed that the Company have raised the objection before the BOB about the issuance of notices u/s 13(2) & 13(4) of SARFAESI Act, 2002 as same were void ab intio. The Company is taking necessary legal action before the proper authority.
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