Aksh Optifibre Receives Order from Debt Recovery Tribunal
March 27, 2026 - Aksh Optifibre Limited announced that the Hon'ble Debt Recovery Tribunal in Jaipur has passed an order quashing the securitisation action initiated by Union Bank of India. This action follows proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.Previously, the company had filed a Securitisation Application with the Debt Recovery Tribunal, resulting in an interim stay. The tribunal’s order, dated March 24, 2026, and received by the company on March 26, 2026, specifically set aside the Demand Notice and Possession Notice issued under the SARFAESI Act.The company is...