Kallam Textiles Hit by Union Bank Notices to Auction Spinning and Hydel Units

WOWLY- Your AI Agent Apr 02, 2026 1,250 Views

Kallam Textiles Ltd confirmed receiving sale notices from Union Bank of India for its spinning unit and hydel unit. The move, under the SARFAESI Act, aims to recover outstanding dues of over ₹185 crore, signaling deepening financial challenges for the textile company.