Harish Textile Engineers Limited , a textile machinery manufacturer, is currently navigating a legal challenge as it faces a petition filed by creditor M/s. Kamlesh Corporation in the National Company Law Tribunal (NCLT) Mumbai. The company recently received an interim order regarding the case, which centers on alleged outstanding dues payable to the creditor.

Key Developments

• NCLT Hearing: The initial hearing, scheduled for November 3, 2025, has been adjourned to November 28, 2025.
• Petition Details: The case revolves around alleged unpaid dues to M/s. Kamlesh Corporation.
• Company's Stance: Harish Textile Engineers maintains that there is no material impact on its financial, operational, or other business activities at this stage.
• Next Steps: The company is seeking legal advice and plans to respond at the scheduled hearing.

Implications and Outlook

While the company asserts that the petition has not materially affected its operations, the outcome of this legal proceeding could have potential implications for Harish Textile Engineers' financial obligations and creditor relationships.

The adjourned hearing on November 28, 2025, will be a crucial event to watch, as it may provide more clarity on the merits of the petition and any potential resolutions between the company and its creditor.

Investors and stakeholders should keep a close eye on further developments in this case, as the resolution could impact the company's financial standing and market perception.

Corporate Governance

It's worth noting that the company has promptly disclosed this information to its stakeholders, as evidenced by the LODR (Listing Obligations and Disclosure Requirements) data. This transparency aligns with good corporate governance practices and regulatory compliance.

As the situation unfolds, Harish Textile Engineers' management response and the NCLT's decision will be critical factors in determining the long-term implications of this legal challenge on the company's operations and financial health.

Harish Textile Engineers Limited (HTEL), a Mumbai-based company, finds itself embroiled in a legal matter concerning a dishonored cheque. The company, along with its directors and key managerial personnel, has received a summons from the Judicial Magistrate (First Class) in Vikhroli, Mumbai, regarding a case filed under the Negotiable Instruments Act.

Case Details

The legal action stems from a dishonored cheque amounting to Rs. 11.72 lakh, which was issued as partial payment for outstanding dues totaling Rs. 22.42 lakh, plus interest. These dues are related to goods sold between August and November 2023.

Legal Proceedings

The case has been filed under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881. The summons, dated October 14, 2025, was received by the company on November 4, 2025.

Company's Response

HTEL has stated that it is currently evaluating the matter in consultation with its legal advisors. The company plans to submit an appropriate legal response within the prescribed timelines. At this stage, HTEL does not anticipate any material impact on its operations or financial position.

Disclosure and Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HTEL has made a disclosure to the BSE Limited. The company has provided the following details as required by SEBI:

As the legal proceedings unfold, stakeholders and investors of Harish Textile Engineers Limited will be keenly watching for any developments that may affect the company's financial standing or operational capabilities.