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ED provisionally attached 9.21% of Nova Iron’s shares, valued at ₹4.19 crore, alleging proceeds of crime linked to ₹201.20 crore transferred from Bhushan Power & Steel. The order restricts transfer for 180 days; Nova intends to challenge it legally.
Nova Iron & Steel Faces Fresh ED Attachment Of Assets Worth ₹16.7 Crore
Nova Iron & Steel Faces ED Provisional Attachment of ₹7.5 Crore Assets
Aromatic Steel to Acquire 9.22% Nova Iron Stake from Nilanchal