Golden Tobacco has received notice from consortium of banks led by Canara Bank for one of its property situated at Guntur. Canara Bank on behalf of the consortium banks issued a notice on December 28, 2016 under section 13(4) of the SARFEAESI Act, 2002 for one of the company's property. Section 13(4) of SARFEAESI Act provides the measures, which creditor may take to recover its secured debt.
Golden Tobacco is a professionally managed organization in the field of tobacco and tobacco related products. The company has manpower strength of around 400 employees spread across manufacturing, purchasing, processing, sales and marketing. The Company has production facility at Vadodara, Gujarat.
