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Texon Global Pvt Ltd
5 articles
Texon Global Pvt Ltd faces significant financial headwinds as multiple insolvency proceedings have been initiated against the company. Canara Bank has formally filed an insolvency petition under the Insolvency and Bankruptcy Code (IBC), with NCLT Ahmedabad admitting the application and directing Texon Global to respond within two weeks. Separately, Tijaria Polypipes has also initiated insolvency proceedings, which have been adjourned pending clarification on an appeal status. These developments suggest escalating debt challenges for Texon Global, potentially impacting its operational stability and future prospects, and warrant close monitoring by investors and stakeholders.
NCLT Ahmedabad Issues Notice in Canara Bank Insolvency Petition
NCLT Ahmedabad directs issuance of notice to Texon Global Pvt Ltd in an insolvency petition filed by Canara Bank.
The respondent is ordered to file a reply within two weeks of receiving notice, with a
Canara Bank vs Texon Global NCLT Notice
NCLT Ahmedabad issues notice to Texon Global Pvt Ltd in insolvency petition filed by Canara Bank.
Tribunal directs respondent to file reply within two weeks from notice receipt, rejoinder in further t
NCLT Issues Notice in Canara Bank vs Texon Global Insolvency
NCLT Ahmedabad admits Canara Bank's insolvency application against Texon Global Pvt Ltd and its personal guarantor.
Tribunal directs issuance of notice to respondent, returnable by the next hearing da
Canara Bank vs Texon Global NCLT Admission
NCLT Ahmedabad admits Canara Bank's insolvency petition against Texon Global Pvt Ltd under Section 7 of IBC.
Tribunal directs issuance of notice to respondent with directions to file reply within two
Tijaria Polypipes vs Texon Global Adjournment
NCLT Ahmedabad adjourns Section 9 insolvency proceeding between Tijaria Polypipes and Texon Global.
Case re-listed for 02 September 2026 due to absence of both parties and unclear appeal status.
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