Aksh Optifibre Hit with ₹36.63 Cr Demand from HDFC Bank Amid Financial Strain

Aksh Optifibre Ltd has received a notice from HDFC Bank demanding repayment of ₹36.63 crore, intensifying the financial pressure on the telecom infrastructure and optical fibre manufacturer. The notice, issued under the SARFAESI Act, pertains to a loan default and signals the lender’s intent to initiate recovery proceedings if dues remain unpaid.

 

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This development adds to Aksh Optifibre’s mounting legal and financial woes, raising concerns over its ability to sustain operations without a major capital infusion or restructuring.

 

Source: Economic Times, Moneycontrol, Aksh Optifibre Exchange Filings