D S Kulkarni Developers Faces ₹243.3 Million Tax Demand

D S Kulkarni Developers Ltd has received a tax demand of ₹243.3 million from the Income Tax Department. This development adds to the company's financial challenges, which include ongoing insolvency proceedings and significant debt obligations. The National Company Law Tribunal (NCLT) had earlier approved a resolution plan led by Ashdan Developers to address D S Kulkarni's financial woes. The company's operations have been impacted by stalled projects and creditor claims, affecting its ability to meet financial commitments.

 

Sources: Economic Times, Moneycontrol, NSE India.