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| Exchange Disseminated Time 13/04/2016 17:36:12 | With reference to the news appeared In Gujarat Samachar stating, 9 Banks gave last notice w.r.t.confiscation of assets or properties of Kemrock Industries & Exports Ltd., Kemrock Industries and Exports Ltd has Clarified to BSE as under :
"The Allahabad Bank, being the Lead Banker of the lenders' consortium, has indeed served KEMROCK with a Notice of possession under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002."
"KEMROCK continues to exist and is actively exploring remedial options." |
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