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 headquartered in New Delhi, India. Aksh Optifibre’s stock symbol is AKSHOPTFBR on the National Stock Exchange and 532351 on the Bombay Stock Exchange.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.