Kallam Textiles Receives Caveat Petition in High Court of Telangana

Kallam Textiles Receives Caveat Petition in High Court of Telangana​

Kallam Textiles Limited announced on March 18, 2026, that it has received a caveat petition in the High Court of Telangana at Hyderabad. The petition was served by an advocate on behalf of Union Bank of India.

The caveat petition, filed under Section 148-A of the Code of Civil Procedure, relates to a loan facility availed by Kallam Textiles. Union Bank of India initiated proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, including a demand notice dated September 11, 2024, possession notice dated September 12, 2025, and a sale/auction notice dated February 6, 2026. The auction is scheduled for February 27, 2026.

Union Bank of India expressed apprehension that Kallam Textiles or its directors – Poluri Venkateswara Reddy (Managing Director) and Gurram Venkata Krishna Reddy (Joint Managing Director) – may challenge the sale/auction proceedings through a writ petition. The bank is seeking a court order requiring notice to be served on the bank or its counsel before any such orders are passed.

The respondents in the case include Kallam Textiles Limited, Poluri Venkateswara Reddy, Gurram Venkata Krishna Reddy. The bank's address for service of court notices is Andhra Bank Building, RR Apparao Street, Vijayawada, Andhra Pradesh - 520001. Counsel for Union Bank of India is N V Pruthvi Raju, Advocate, located at Vanitha Housing Society, Bapuji Nagar, Bowenpally - 500011.

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