Salora International Ltd. Faces Provisional Bank Account Attachment
Salora International Ltd. announced that it has received a communication from the Goods and Services Tax (GST) Department regarding the provisional attachment of its bank accounts held with Kotak Mahindra Bank and Canara Bank. The notice was received on March 20, 2026, according to a filing.The attachment is being undertaken under Section 83 of the Central Goods and Services Tax Act, 2017. The company emphasized that the communication is interim and provisional, and does not represent a final determination of any tax liability. The proceedings are in a preliminary stage and subject to due process.
Salora International Ltd. stated that the actions are undertaken in the ordinary course of business and are of a regular business nature. The company is pursuing legal remedies, including filing objections and appeals, and is cooperating with the authorities.
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