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Kolkata Court Drops the Gavel—ARCL Must Freeze Funds in Legal Showdown

Updated: July 03, 2025 12:24

Image Source: Linkedln
In a notable legal development, Kolkata specialty chemicals manufacturer ARCL Organics Ltd. has been directed by an Indian court to set apart ₹51.8 million until the pending lawsuit is resolved. The access of the company to its bank accounts has also been suspended by the court by way of an interim restraint, essentially freezing its financial resources.
 
The order is grounded on a pending suit involving issues of financial and regulatory compliance. The court emphasized maintaining funds at risk for potential future claims or liabilities until final resolution.
 
Legal Highlights
  • Reserved Amount: ₹51.8 million to be maintained in escrow or designated account.
  • Banking Restrictions: ARCL Organics restricted from utilizing certain bank accounts pending suit.
  • Purpose: To ensure financial accountability and protection against diversion of assets.
Company Background
  • Founded: 1992, headquarters in Kolkata.
  • Products: Phenolics, amino resins, melamine resins, and formaldehyde.
  • Industries Served: Wood adhesives, textiles, paper, healthcare, and agriculture.
Market Implications
  • The freeze could impact working capital as well as project implementation timelines.
  • Investors are eagerly looking for news on the company's legal stance as well as financial disclosures.
  • ARCL's recent accounts indicated a net profit of ₹12.3 crore for FY25, having a market cap of ₹210 crore.
Sources: Screener, Indian Kanoon, MarketScreener, ARCL Organics Official Website

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