FilingReader Intelligence
Atul Auto initiates insolvency process against former dealer
August 22, 2025 at 08:39 AM UTC•By FilingReader AI
Atul Auto Limited has initiated corporate insolvency proceedings against former authorized dealer Echo Motors and Automobiles Private Limited to recover Rs 3.35 crore in operational debt.
The National Company Law Tribunal's Guwahati bench admitted Atul Auto's application on August 20, 2025. Echo Motors, which was an authorized dealer until 2019, owes the amount for vehicles supplied on credit.
Atul Auto anticipates recovering the full debt amount if the resolution process succeeds.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:ATULAUTO•Bombay Stock Exchange
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