Key Quantitative Figures
- Demand Amount: ₹2,440.07 Lacs (₹24.40 Crore)
- Notice Date: 01st July, 2026
- Receipt Date: 08th July, 2026
- Response Timeline: 60 days from notice date
Parties Involved
- Issuing Bank: Kolhapur District Central Co-operative Bank Limited (KDCC Bank)
- Recipient Company: Tahmar Enterprises Limited
Security Interest Details
The demand relates to a deed of mortgage dated 17/10/2024 registered at serial no. 4901/24 in favor of the bank. The security interest was created on land being Gat no. 990/1 situated at Bhadgaon, Gadinglaj, Kolhapur.
Company's Response & Legal Position
The company does not accept the demand as raised and is contesting the notice. The grounds for contestation include:
- The action is not in accordance with the framework for revival and rehabilitation of micro, small and medium enterprises (MSME) applicable to the company's account
- The MSME revival framework must be followed before classifying an eligible enterprise's account as non-performing and initiating enforcement measures
- The company is pursuing all available legal remedies
Current Status
This is a demand notice under Section 13(2) of the SARFAESI Act. No measures under Section 13(4) of the SARFAESI Act have been initiated against the company. The company is taking appropriate steps to resolve the matter and has committed to keeping the Exchange informed of any material developments.