Key Quantitative Figures
- Principal Loan Amount: ₹129.50 Crores
- Interest Rate: 9.83% per annum
- Interest Accrual Period: From 2nd June 2026 until date of payment
- Repayment Deadline: 10 days from notice date (17/09/2026)
Chronological Details
- Date of Notice Receipt: 17 September 2026
- Time of Receipt: 6:05 AM
- Method of Receipt: Email
Parties Involved
- Issuing Creditor: Kripa Anand Rishi Cellular Private Limited
- Nature of Creditor: Inter Corporate loan provider
- Recipient Company: Smaart Tech Services Limited
Demand Details
The creditor has demanded repayment of the entire outstanding principal amount of ₹129.50 Crores along with accrued interest calculated at 9.83% per annum from 2nd June 2026 until the date of actual payment. The notice requires payment within 10 days from the date of the notice (17/09/2026). The creditor has stated that failure to repay will result in appropriate legal action being initiated.
Company Response and Impact
The company is currently evaluating the notice and has stated its intention to discuss with the creditor for an amicable resolution and/or time extension. The disclosure does not quantify the specific financial impact beyond the stated principal and interest amounts.