1 CORPORATE INFORMATION
JAYBHARAT TEXTILES & REAL ESTATE LTD.is a Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956having its registered office at Vapi. The Company is engaged in the business of Manufacturing of Textile Goods.
**The Company has not booked interest on the long term and short term borrowing from the banks nor Have made any provision towards said interest cost, in the lights of the fact that substantial counter claim amount is pending for adjudication before hon’ble DRT.
**The Company contended that in the event of counter claim is admitted for which they are confident about, the said outstanding liabilities towards long term and short term borrowings would be extinguished and therefore, no provision or booking of interest on long term and short term borrowing is required.
|