Coral Laboratories received a notice from the MSEFC, Surat, for alleged non-payment of dues under the MSMED Act, 2006.
The petitioner, M/s Power Cool Service, has claimed approximately ₹2.05 lakh, including principal and interest.
The company believes the claims are not tenable and intends to contest the matter through appropriate legal steps.
The financial impact of the notice cannot be ascertained at this stage as the company is still evaluating it.