No Dues and Release Letters Received from All 14 Consortium Banks

The company says it has received No Objection cum No Dues cum Release Letters from all 14 consortium banks, with the last one received today.

Wed 30 Sep 2026

Consortium Banks

14

Document Received

No Objection cum No Dues cum Release Letters

Status

Received from all 14 consortium banks

What was shared

The company told BSE and NSE that it has received a No Objection cum No Dues cum Release Letter from all 14 consortium banks, with the last such letter received on the date of the update.

Context

• This is a continuation of the company's earlier intimations about successful clearance and repayment of outstanding debts of all 14 consortium banks.
• A no dues cum release letter is a lender's written confirmation that the borrower's dues are settled and that the lender releases its claims connected to that borrowing.

How it may be read

Completion of documentation from every lender in the consortium is generally viewed as the formal closing step of a debt clearance process. The letter is a confirmation from the banks rather than a new transaction.

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