Image Source: Facebook
Shah Alloys Limited has announced that its Board of Directors approved a One Time Settlement (OTS) with HDFC Bank on January 27, 2026. The settlement concludes a prolonged legal battle and finalizes dues at Rs. 18 crore, payable by February 25, 2026, marking a significant financial resolution.
Show more
Shah Alloys Limited has formally entered into a One Time Settlement with HDFC Bank, ending years of litigation and financial uncertainty. The decision was taken at the Board meeting held on January 27, 2026, and aligns with SEBI’s disclosure requirements under its July 2023 circular.
Key Highlights
-
The settlement follows a prolonged dispute that began after the order of the Hon’ble BIFR Court and was subsequently taken up by the Debt Recovery Tribunal in 2019, later referred to the National Company Law Tribunal.
-
After extensive legal proceedings, both Shah Alloys and HDFC Bank agreed to a full and final settlement.
-
As per the sanction letter dated January 27, 2026, the agreed settlement amount is Rs. 18 crore.
-
The company is required to make the payment in full on or before February 25, 2026.
-
This resolution is expected to provide financial clarity and stability to Shah Alloys, enabling it to focus on operational and strategic priorities.
Sources: Company filing with BSE
Stay Ahead – Explore Now!
Gold Prices Hold Steady Across Major Indian Cities on January 21, 2026
Advertisement
Advertisement